Skip to content
Subscriber Only

Fox Raises $400 Million for Movies Including ‘Avatar’ Sequel

News Corp.’s Twentieth Century Fox raised $400 million for film production, including the next “Avatar,” through former Dune Capital LLC executive Chip Seelig, two people with knowledge of the situation said.

Seelig’s fund will invest in most Fox-produced films over the next five years, said the people, who requested anonymity because details haven’t been made public. Investors in the fund include Magnetar Capital LLC, an Evanston, Illinois-based asset management company, one person said.