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James Packer
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=== Other business activities === Packer purchased an 18% stake in [[Network Ten]] in 2010, quickly offloading half to Lachlan Murdoch. Three months later, after a dispute with Murdoch over a senior management appointment, Packer resigned his [[Network Ten]] board seat. There was also speculation that he resigned due to a conflict of interest with his interests in Consolidated Media Holdings.<ref>{{cite news |first=Antonia |last=Magee |work=Herald Sun |date=2 March 2011 |title=James Packer, Lachlan Murdoch fall out over new Ten Network chief James Warburton |url=http://www.news.com.au/business/packer-resigns-from-ten-board/story-e6frfm1i-1226014676071 |access-date=21 August 2012}}</ref> Following the implementation of CBS's restructure of Network Ten announced in August 2017, Packer will no longer have an interest in Network Ten.<ref>{{Cite web|url=http://www.smh.com.au/business/media-and-marketing/tens-board-failed-to-update-market-for-four-weeks-after-packer-walked-20170814-gxvpnu.html|title=Ten's board failed to update market for four weeks after Packer walked|last=Lucy|first=Battersby|date=15 August 2017|website=[[The Sydney Morning Herald]]|access-date=7 June 2018}}</ref><ref>{{Cite web|url=http://www.abc.net.au/news/2017-08-29/channel-ten-cbs-takeover-plot-twist-seven-nine-will-hate/8853182|title=Ten Network no longer the biggest loser as CBS shakes up free-to-air TV|first=Stephen|last=Letts|date=30 August 2017|website=[[ABC News (Australia)|ABC News]]|location=Australia}}</ref> In late May 2011, Packer made a reported A$80 million investment in daily deals sites Scoopon and Catch of the Day through a partnership between his Consolidated Press Holding and several other investors, including Andrew Bassat, a co-founder of Seek.com.au.<ref>{{cite web|author=Bryant, Morris|title=Packer buys into Catch of the Day and Scoopon|url=http://thedealer.com.au/deals-blog/news/packer-buys-into-catch-of-the-day-and-scoopon/|access-date=16 June 2011|work=The Dealer |date=23 May 2011|url-status=dead|archive-url=https://web.archive.org/web/20110830203626/http://thedealer.com.au/deals-blog/news/packer-buys-into-catch-of-the-day-and-scoopon/ |archive-date=30 August 2011}}</ref> In December 2012, Packer and producer-filmmaker [[Brett Ratner]] formed a joint venture, [[RatPac Entertainment]]. The first film financed by RatPac was a major success. ''[[Gravity (2013 film)|Gravity]]'', a space thriller directed by Alfonso Cuaron and starring Sandra Bullock and George Clooney, generated the strongest-ever October opening in the US and took box office receipts of more than {{USD}}100 million in its first five days.<ref name="Lehman">{{cite news |first=John |last=Lehman |work=The Daily Telegraph |title=James Packer takes a new gamble on big movies venture|date=12 October 2013|url=http://www.dailytelegraph.com.au/news/nsw/james-packer-takes-a-new-gamble-on-big-movies-venture/story-fni0cx12-1226738627985 |access-date=21 October 2013}}</ref> Packer sold his investment in RatPac for an undisclosed amount in April 2017.<ref>{{cite web | title=James Packer Sells Ratpac Stake Turns Attention From Hollywood To Home | website=The Australian | url=http://www.theaustralian.com.au/business/james-packer-sells-ratpac-stake-turns-attention-from-hollywood-to-home/news-story/4488da111586abfbe7024840dbb19037 | access-date=26 August 2018}}</ref> According to ''Filmink'' "Who knows what sort of legacy James Packer is going to leave when he shuffles off this mortal coil, but I maintain the films he helped finance...will stand out among the more positive achievements."<ref>{{cite magazine|first=Stephen|last=Vagg|magazine=Filmink|url=https://www.filmink.com.au/ten-billionaires-stung-hollywood/|title=Ten Billionaires Who Were Stung by Hollywood|date=10 March 2020}}</ref> In October 2014, Packer bought out [[Peter Holmes Γ Court]]'s 37.5% share of the ownership of [[South Sydney Rabbitohs]] [[National Rugby League|NRL]] club, becoming [[Russell Crowe]]'s partner in the Blackcourt League Investments Pty Limited venture.<ref name="2014ownership">{{cite news|newspaper=The Daily Telegraph|location=Sydney, NSW|url=http://www.dailytelegraph.com.au/sport/nrl/peter-holmes-a-court-reveals-his-reasons-for-selling-his-south-sydney-stake-while-james-packer-plans-for-a-big-future/story-fnp0lyn3-1227100197425|title=Peter Holmes a Court reveals his reasons for selling his South Sydney stake, while James Packer plans for a big future|author=Ritchie, Dean|date=24 October 2014|access-date=31 October 2014}}</ref> In 2022, following the sale of his $3.3 billion stake in Crown Resorts, Packer sought to simplify his investment portfolio concentrating on big tech stocks, AI and property.<ref name="auto">https://www.theaustralian.com.au/business/james-packer-makes-a-bumper-600m-profit-thanks-to-his-tech-stock-investments/news-story/d8fc8673618d340c80f8699e75f41e0b</ref> As at 30 June 2024, Packer holds almost $500 million of Nvidia, $452 million of Meta and $366 million of Taiwan Semiconductor Manufacturing Company.<ref name="auto"/>
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