Paramount Pictures has concluded an important financing agreement with the private investment company Domain Capital Group. This agreement stipulates that Domain Capital will co-finance at least 30 films, including upcoming films such as The Smurfs Moviethe reboot of The Naked Gunand The Running Man with Glen Powell and the action thriller Novocaine with Jack Quaid. The films produced under the deal cover a wide range of genres and budgets. The contract can be extended to a total of 40 films under certain conditions.

Domain Capital Group is an Atlanta-based company led by managing director Pete Chiappetta. The company has worked with Paramount in the past, including on the productions of Gladiator II, Sonic the Hedgehog 3 and Better Man. Domain Capital Group has also launched a partnership with Warner Bros. Motion Picture Group in 2023, which is expected to capitalise on the success of Barbie one of the biggest hits of the year.

Domain Capital has launched a dedicated $700 million fund for entertainment and media investments in 2022. The current agreement with Paramount Pictures comes at a time when Skydance, led by David Ellison, and Gerry Cardinale's RedBird Capital are in the process of taking control of Paramount Global.

Pete Chiappetta, CEO of Domain Capital, said in a statement that he was excited about the partnership and emphasised the importance of working with Paramount to produce high-quality films that will further enhance the value of Domain Capital's film portfolio.

Courtney Armstrong, Chief Operating Officer of Paramount Pictures, also expressed her delight, stating that Paramount is "thrilled to be working with Domain to deliver world-class entertainment to a global audience." Both parties look forward to a long-term and successful partnership.

Variety reports in detail.

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