The relationship between the production of Brad Pitt and CEO of Paramount Brad Grey company is about to end, according to sources with knowledge of the situation.
Production company Plan B of Pitt, which is the highest on the recent hit 12 years a slave and World War Z, out of his home in eight years when his contract with Paramount expires at the end of 2013. Plan B, Pitt running with Dede Gardner and Jeremy Kleiner, is directed to a three year contract with Arnon Milchan'snew Regency, producer for 12 years. RatPac Entertainment, the company's production and financial upstart founded by Australian billionaire James Packer and filmmaker Brett Ratner, will be a partner finance on Plan B films.
"Our society is built on working with the best talent in the business. '' "By providing Plan B, with their filmmaker solid relationships and stellar pool of talent into the fold with RatPac, we do just that," Brad Weston, president and CEO of new Regency, said in a statement.
"There very few partners in this company who are able to balance artistic integrity and commercial viability. Working hand in hand with the new Regency and RatPac, we feel that we have found a perfect fit, "a spokesman for Plan B, in a statement.
Gray, formerly a producer director before taking the position of head of the Paramount studio, co-founded the Plan B with Pitt and Jennifer Aniston woman in 2002. The company has had an agreement with Paramount since 2005.
During the paramount relationship, Pitt company had done a number of independent-style films (time of nothing, The Tree of Life) with other partners, but his biggest hit by far (and the only Pitt starring himself) was the epic of zombie World War Z, which grossed 540 million $ worldwide this summer. THR reported earlier Tuesday that a sequel is being prepared with Director Bayona, who has helmed the tragedy of tsunami in 2012 the Impossible.
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There were tensions between Paramount and Plan B during the production of Marc Forster- World War Z and more recently more than 12 years a slave. In October, THR reported that a dispute arose because the Paramount executives believed that plan B had breached the deal by the company with the studio failing to provide an opportunity to finance and distribute 12 years. In April 2012, a few weeks before Director Steve McQueen began filming the drama of slavery, new Regency agreed to co-finance and distribute the image via Fox Searchlight. The film won the first award buzz and running well at the box office, having narrated more than 35 million $ to this day.
However, the relationship between Pitt and grey would always amicable, and the studio will continue to collaborate on projects that have been developed during the term of Plan B at Paramount.
Plan B is familiar with the new Regency. More than 12 years, the two companies partnered with Mr. and Mrs. Smith and have just wrapped shooting on a true story, based on the book "true story: murder, memoir, Mea Culpa" by Michael Finke. This film starring James Franco, Jonah Hill and Felicity Jones and released by 20th Century Fox.
RatPac made a big push in Hollywood. Earlier this year, the company reached an agreement to supply up to 400 million $ in financing to Warner Bros.
"Plan B has become a consistent supplier of equipment of high level and talent. As a new company, we are able to partner with Arnon and his team at new Regency on this case, it gives us a big jolt to what we are trying to accomplish,"Packer and Ratner said in a statement.
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Paramount has recently added producer Jerry Bruckheimer to its list, perhaps to fill the void of Plan B.
E-mail: Kim.Masters@THR.com
Twitter: @KimMasters
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