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Paramount Drops $450 Million Financing Deal

Transformers News: Paramount Drops $450 Million Financing Deal

Tuesday, July 15th, 2008 5:22PM CDT

Categories: Movie Related News, Company News, Digital Media News
Posted by: Raymond T. Views: 11,524

Topic Options: View Discussion · Sign in or Join to reply

Associated Press has reported that the Viacom owned Paramount Pictures has ended their $450 million financing deal with Deutsche Bank. The two companies had agreed to produce 30 movies within the next 30 years. Paramount decided however not to continue with the Deutsche Bank and has opted to seek their movie finances elsewhere.

The decision to part ways will not have any effect on movies currently in production. This includes Transformers: Revenge of the Fallen and the upcoming G.I. Joe movie.

Credit(s): www.ap.org

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