Paramount Pictures has entered into a significant new slate financing deal with private investment management firm Domain Capital Group.
The pact between the studio and the firm covers a minimum of 30 films, including upcoming releases such as “The Smurfs Movie,” “The Naked Gun” reboot, Glen Powell’s “The Running Man” and the Jack Quaid action thriller “Novocaine.” The agreement will cover films from a wide range of genres and budget levels.
The co-financing arrangement is automatically extendable to 40 pictures under certain circumstances. The Atlanta-based Domain Capital Group is led by Managing Director Pete Chiappetta. Domain previously worked with Paramount on “Gladiator II,” “Sonic the Hedgehog 3” and “Better Man.”
Domain Capital Group previously entered a multi-year co-financing pact with Warner Bros. Motion Picture Group in 2023, kicking off its partnership with “Barbie,” which became the year’s biggest hit. In 2022, Domain announced a $700 million fund dedicated to entertainment and media. The latest deal comes as Skydance, the entertainment company overseen by David Ellison, and Gerry Cardinale’s RedBird Capital is finalizing its takeover of Paramount Global.
“We are privileged to be partnering with Paramount Pictures and participating in this slate of films,” Chiappetta said in a statement. “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 added the studio was “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, the co-CEO of Project X Entertainment, acted as an advisor for Domain Capital Group on the deal with Cataldo Law. Sheppard Mullin Richter & Hampton served as legal counsel for Domain Capital Group.
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