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Russian oligarch Dmitry Rybolovlev has funded some of Hollywood’s biggest films, including Top Gun: Maverick, a lawsuit has revealed.
The revelation comes as part of a new lawsuit filed by Bradley Fisher, the former president of New Republic Pictures, according to a new report in the Los Angeles Times. We are suing the company for breach of contract.
In his lawsuit, Fisher alleges that while he was negotiating a contract extension, the New Republic withdrew its original offer and attempted to renegotiate a much less attractive offer.
He said the reason for the second offer was that the company’s de facto CEO and fertilizer tycoon Dmitry Rybolovlev, 56, was protecting his assets from the fallout from the Russian invasion. It says it was because it was in the process of withdrawing funds for the New Republic.Ukraine.
A new lawsuit accuses Russian oligarchs of aiding some of Hollywood’s biggest hits in recent times, including Top Gun: Maverick.
Dmitry Rybolovlev, pictured here, is accused of transferring his property from a production company after Russia’s invasion of Ukraine
Jake Gyllenhaal and producer Bradley J. Fisher attend the Ambulance premiere at Zoopalast in Berlin on March 22, 2022.
The lawsuit states:[Rybolovlev] moved to minimize his exposure [and] It began to withdraw its business activities from the West. Of particular relevance here is his withdrawal from the film industry.
As of this writing, Rybolovlev, who has a net worth of $6.6 billion, has no sanctions from the West. He is currently under investigation in Switzerland, but the details of the case are shrouded in mystery.
Early in the Covid-19 pandemic, Paramount Pictures struck a $200 million deal with The New Republic, with the production company agreeing to finance up to 25% for 10 films.
Part of the lawsuit states that the Paramount deal was made “with financial support from Russian oligarch and silent partner Dmitry Rybolovlev.” The billionaire is accused of acting “through a series of agents, affiliates and subsidiaries.”
Renowned art collector and president of French football club AS Monaco, Rybolovlev, is embroiled in another legal battle with Swiss art dealer Yves Bouvier accused of defrauding a wealthy client. I’m here.
The oligarch said Bouvier overcharged him for the work, and said Bouvier pressured the Russian to lie about the value of his art when he divorced his wife Elena in 2014. .
His divorce, dubbed the world’s most expensive breakup, came a year after he was ordered to pay a whopping $4.5 billion to his disgruntled ex-wife. The original settlement was $5.5 billion for him.
Elena accused her husband of “a series of infidelities.”
In 2008, Rybolovlev bought a home in Florida from Donald Trump for $95 million. Until this lawsuit, his role in Hollywood was unknown.
The billionaire is referred to in the lawsuit as having “functional control” over the New Republic. It’s not clear what role he plays in the company now. The New Republic was founded in 2017 by producer Brian Oliver with funding from Rybolovlev, according to the complaint.
According to the complaint, Fisher has made more than $1.5 billion for the studio through the production of movies such as Black Swan, Shutter Island and Zodiac.
Renowned art collector and president of French football club AS Monaco, Rybolovlev, has launched another legal battle with Swiss art dealer Yves Bouvier, who is accused of defrauding a wealthy client. unfolding.
Fischer claims that Rybolovlev pulled out of a number of projects, resulting in a write-down of the producer’s stake in the company. He was fired when Fisher declined a new contract in June 2022. Now he’s demanding his $15 million from his former employer.
Like many people, Rybolovlev, from the central Russian city of Perm, made his fortune during the post-Soviet privatization era. In 1996, he spent 11 months in prison after being accused of murdering his competitor.
He owns a profitable fertilizer company that he sold for over $6 billion over a decade ago.
In October 2020, Rybolovlev took out a $42 million mortgage in June on the 15 Central Park West penthouse he purchased for his daughter Ekaterina in 2011.
Known as 15 Central Park West, the 35-story luxury condominium is located on Manhattan’s famous Upper West Side.
It’s home to some of the world’s most famous actors, athletes, CEOs, hedge fund managers and billionaires.
Ekaterina stayed there while completing her degree at Harvard University Extension School.
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