Paramount & Domain Capital Group Ink Feature Slate Co-Finance Deal

Paramount has entered into a slate co-financing with Atlanta-based Domain Capital Group for a minimum of 30 pictures of varying budget sizes.

Terms weren’t disclosed in regards to how much Domain will cover on each theatrical release.

Already, Domain has co-financed some recent Paramount theatrical releases including Gladiator II, Sonic the Hedgehog 3 and Better Man.

Domain will have money in the upcoming releases Novocaine, The Smurfs Movie, The Naked Gun, The Running Man, and others.

The co-financing arrangement is automatically extendable to 40 pictures under certain circumstances. Managing Director Pete Chiappetta led the deal for Domain Capital.

“We are privileged to be partnering with Paramount Pictures and participating in this slate of films,” said Pete Chiappetta, Domain’s Managing Director of Media, Entertainment & Technology. “The team at Paramount is dedicated to producing quality content that we hope will continue to build on the value of Domain’s film library for our investors. We are grateful to the team at Paramount that worked alongside us to kickstart this strategic collaboration.”

Paramount Pictures Chief Operating Officer, Courtney Armstrong stated, “We are thrilled to be in business and partnering with Domain to bring audiences everywhere world-class entertainment.  We look forward to building a long and successful relationship.”

Paul Neinstein, via Project X Entertainment, acted as an advisor for Domain Capital Group on the deal with Cataldo Law and Sheppard Mullin Richter & Hampton acting as legal counsel for Domain Capital Group.

Domain also has a co-fi deal with Warner Bros, having a stake in that studio’s highest grossing movie of all-time, Barbie, at $1.44 billion. Other Domain co-funded pics included Aquaman and the Lost Kingdom, Wonka and The Color Purple. Domain finances some 10% per each title on the Warner Bros. slate.