In preparation for the ownership transition, Paramount Pictures has inked a 30-title joint funding slate deal with Domain Capital, an investment group that supports genre and budget-level capabilities.
Upcoming titles, named as part of the deal, include Jack Quaid action thriller Novokaine. Domain is previously partnered with Paramount of Ridley Scott’s Gladiator II and is affiliated with Holiday Hit Sonic The Hedgeog 3.
“We can partner with Paramount Pictures to join this film’s slate,” said Pete Chiappetta, Managing Director of Media, Entertainment and Technology at Domain. “The Paramount team hopes to continue building value in Domain’s film library for investors. We worked with us to kickstart this strategic collaboration at Paramount. I’m grateful to the team.”
Courtney Armstrong, Chief Operating Officer of Paramount Pictures, said: I look forward to building a long and successful relationship. ”
Multi-year deals are a long-term commitment as studio conglomerates look to a new era of ownership. Domain, run by CEO Patrick R. Leardo, said that if a certain unnamed benchmark is met, joint lending slate transactions could be extended to 40 features. The investment company had signed a multi-year joint funding agreement in 2023 with Warner Bros. film group, which includes backing the blockbuster Barbie.
In July, Paramount Global Controlling shareholder Shari Redstone signed a deal with Skydance Media with David Ellison, producing Top Gun: Maverick with CBS, CBS, Showtime and Nickelod eon signed a contract with the owner of MTVV. , Paramount+ and other assets. The contract is set to close in the first half of 2025 if it clears regulatory hurdles.
