Marking the first slate financing arrangement to close since the financial meltdown of 2008, 20th Century Fox has made a deal for just north of $400 million to help fund nearly all its films over the next five years, including the next two "Avatar" pics, multiple sources have confirmed to Variety.
Financial guru Chip Seelig brought the coin to Fox, and it's not the first time he's raised a sizeable amount of money for the studio, either: The pair have a relationship dating back to 2005, when Seelig arranged a $400 million slate deal as a then-partner of financial firm Dune Capital Management. Seelig left Dune about 18 months ago to start new funding ventures.
Fox to pay 400 million Avatar 2 and 3
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