4 Consumer Stock Stories for a Positive Investment Shopping Experience
Time Warner Inc. (NYSE:TWX): Closing price $66.66
Warner Bros. has secured a financing arrangement with RatPac-Dune Entertainment, which is a four-year partnership with Dune’s Steven Mnuchin, filmmaker Brett Ratner and Australian billionaire James Packer, to fund as many as 75 upcoming films. It is expected that the total funds are expected to be in the $450 billion range, Mnuchin advised Variety. He was confident that the deal could be extended as Dune’s accord with 20th Century Fox was on multiple occasions. The RatPac-Dune deal comes three months following the studio and longtime partner Legendary Entertainment agreement to end their longtime co-financing partnership at the end of 2013.