SYDNEY: A consortium led by Australian billionaire James Packer and US director Brett Ratner has struck a reported $450 million co-financing deal with Warner Brothers to cover the production of 75 movies. Casino mogul Packer said the multi-year arrangement with his investment vehicle RatPac-Dune Entertainment was effective immediately. It covers upcoming releases including “Gravity” with George Clooney and Sandra Bullock, “Grudge Match” starring Robert de Niro and Sylvester Stallone as well as projects with Clint Eastwood and Russell Crowe. “This is certainly not the dumbest thing I’ve ever done. Whether it works perfectly is another question,”–AFP