(Reuters) - Media company Viacom's (VIAb.N: Quote, Profile, Research) unit Paramount Pictures was forced to suspend a $450 million film financing plan with Deutsche Bank (DBKGn.DE: Quote, Profile, Research) after market-wide lack of enthusiasm for the deal's senior debt component in the wake of the credit crunch, the Financial Times reported. The studio had been working with the bank on financing that would have provided funds for up to 30 films, including possible blockbusters such as the sequel to Transformers and a new version of Star Trek. Deutsche has decided to close its film finance unit and concentrate on other areas following the deal's collapse, the paper said. Paramount walked away from negotiations because the terms of the deal had become unattractive compared with alternative sources of financing available, a person familiar with the talks told the paper. Under the deal, which would have also covered Tropic Thunder, the new Ben Stiller comedy, and The Curious Case of Benjamin Button, which stars Brad Pitt, the syndicate assembled by Deutsche would have taken a 25 per cent stake in each of the 30 films. Viacom and Deutsche Bank could not be immediately reached for comment. While Deutsche's decision to close its film unit is a blow for Paramount, the films affected by the deal are still likely to be released as scheduled, the paper said. If the studio fails to revive the deal with another bank, it could be forced to seek funds from Viacom to produce the titles. (Reporting by Pratish Narayanan in Bangalore; Editing by Lincoln Feast)
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