Thursday, August 10, 2017
Koch Brothers Team Up With Bill Gates to Secretly Finance Hollywood
According to the Hollywood Reporter, sources say Charles G. Koch and David H. Koch took a significant stake valued at tens of millions of dollars in RatPac-Dune Entertainment. Now-Treasury Secretary Steven Mnuchin brought the brothers in as investors as part of a $450 million deal struck in 2013 — a move that was never disclosed because RatPac-Dune is a private company.
HR sources say Mnuchin also brought in Bill Gates for an amount similar to the Koch brothers.
The Hollywood rag goes on:
Unlike Mnuchin, you won't see the trio of uber-billionaires listed as executive producers on any of the films they've backed. As for why the Kochs and Gates have kept their involvement secret, a source familiar with the deal says it's simple. "They're in it to make money. They're not in it for the recognition," says the source.
Films produced by RatPac include Our Brand Is Crisis directed by David Gordon Green, Inherent Vice, Horrible Bosses 2, Jupiter Ascending, Wonder Woman and How To Be Single.
at 6:01 PM