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Old July 15 2008, 01:23 AM   #1
Rear Admiral
Paramount Financial Funding Plan Falls Through

A deal in progress with Deutsche Bank on financing that was to provide funds for up to thirty movies, including Star Trek XI and the sequel to Transformers, has been scuttled.

As reported by, financial times are tough all over and Hollywood is no exception. A plan to bring in $450 million to finance forthcoming films has fallen through because Deutsch Bank, who was to provide the funds, has decided to close its film finance unit, electing to concentrate on other areas.

The Deutsch deal would have given the syndicate assembled by the bank a twenty-five percent stake in each of the thirty films to be financed.

It is still possible, though unlikely, that another bank could step in to complete the deal. Paramount may be forced to obtain funding from Viacom, who owns the studio, but this would expose the company to greater financial risk if the films in question don't do as well as expected.

The films affected by the deal, including Star Trek XI are still likely to be released as scheduled.

To read more, head to the article located here. Thanks to Dragonheart for the tip!

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Old July 15 2008, 01:27 AM   #2
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Location: Sadly, not in Texas
Re: Paramount Financial Funding Plan Falls Through

The sky is falling!!!!
I don't know... I didn't go.
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Old July 15 2008, 02:36 AM   #3
Admiral Buzzkill
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Re: Paramount Financial Funding Plan Falls Through

Augustus wrote: View Post
The sky is falling!!!!
"For the world is hollow, and I have touched the - " *THUD!*

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Old July 15 2008, 03:30 AM   #4
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Re: Paramount Financial Funding Plan Falls Through

Paramount Financing Loss: Crisis Or Not?


All of the above may explain why there's uncertainty in the financial markets even beyond the current credit crunch about Paramount riht now. But none of that takes into account the real likelihood that, in addition to Transformers, the studio can restart the Star Trek franchise under J.J. Abrams as well as begin a new franchise with G.I. Joe.
The troubles of our proud and angry dust
Are from eternity, and shall not fail.
Bear them we can, and if we can we must.
Shoulder the sky, my lad, and drink your ale.
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Old July 15 2008, 04:31 AM   #5
Mr. Laser Beam
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Re: Paramount Financial Funding Plan Falls Through

They can still finish *making* the films, I take it?
"A hot dog at the ballpark is better than a steak at the Ritz." - Humphrey Bogart
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Old July 15 2008, 05:44 AM   #6
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Re: Paramount Financial Funding Plan Falls Through

it is also being discussed in the trex xI forum here

it also seems they already have funding in place for trek XI
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Old July 15 2008, 01:48 PM   #7
Re: Paramount Financial Funding Plan Falls Through

Well that's just peachy.
Looking to build Element #137 (Feynmanium)
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Old July 15 2008, 02:37 PM   #8
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Location: Chicago
Re: Paramount Financial Funding Plan Falls Through

How does this
"With the first link, the chain is forged. The first speech censored, the first thought forbidden, the first freedom denied, chains us all irrevocably." -- Judge Aaron Satie
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Old July 15 2008, 04:53 PM   #9
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Location: milky way... there abouts
Re: Paramount Financial Funding Plan Falls Through

It made you stop and read this mostly pointless thread...
One of the great revelations of space exploration is
the image of the earth, finite and lonely bearing the entire human species through the oceans of space and time. ~ Carl Sagan (1934-1996)
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