Brett Ratner ventures into Cable TV Production

Filmmaker Brett Ranter says that he will start a joint venture with an unnamed cable network.

"I'm about to close a joint venture with a cable network," Ratner said Saturday in passing at a UCLA conference, adding that he would be deficit financing the programming.

Ratner is doing the deal through his RatPac Entertainment, a partnership with Australian billionaire James Packer that supplies $450 million in film slate financing to Warner Bros, reports hollywoodreporter.com.

"TV is a big focus for us over the next few years," Ratner said, referencing the company, before then mentioning the new deal.

The deal is expected to close in a few weeks, however, not other details were revealed.