Dune Entertainment affiliate Dune Entertainment III has committed to invest more than $500m in Fox films over the next three years. Fox retains all worldwide rights.
Societe General Corporate & Investment Banking and Dresdner Kleinwort acted as joint mandated lead arrangers and joint book runners of a financing facility for Dune Entertainment III.
'Dune's long term commitment is a credit to the ongoing strength and consistency of Fox's record, and we are very pleased to continue our successful collaboration with Dune Entertainment,' Fox's executive vice president, production finance and business affairs Victoria Rossellini said.
'We are very pleased to renew our strategic relationship with Fox. We remain strong believers in Fox's exceptional track record of producing quality entertainment content and look forward to building on our long term relationship,' Steven Mnuchin and Chip Seelig of Dune Capital Partners II LP, the managing member of Dune Entertainment III, said.