29 January 2013 12:11 PM, PST | The Hollywood Reporter | See recent The Hollywood Reporter news »

Twentieth Century Fox has closed a $400 million slate financing deal that will help pay for a number of films over the next five years, including the Avatar sequel and likely the threequel, studio insiders confirmed to THR. Fox struck the deal with veteran financier Chip Selig through his new company The Selig Group. He's no stranger to the studio, having been a partner at Dune Capital Management, Fox's co-financing partner since 2005. The $400 million slate deal effectively replaces Dune, insiders say. Seelig left Dune towards the end of 2011. Dune co-financed a slew of Fox films,

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- Pamela McClintock

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