James Packer has quit Hollywood and sold his stake in RatPac Entertainment after hits including The Revenant, Gravity and Birdman.
The Australian billionaire sold his stake in the Los Angeles-based film, television and documentary business he created in 2013 with producer-director Brett Ratner.
The venture had instant success with its first investment in the space adventure film Gravity, starring Sandra Bullock and George Clooney, which earned more than $700 million at the worldwide box office and scored seven Oscar wins.
RatPac became a major player in Hollywood, co-financing more than 50 films that picked up 51 Oscar nominations and earned more than $US10 billion in worldwide box office receipts including The Revenant, Birdman, Creed, The Lego Movie, American Sniper, Kong: Skull Island and Godzilla.
MORE: James Packer quits Hollywood venture RatPac | Daily Mail Online
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