Legendary Officially Leaving Warner Bros for 5-Year Deal at Universal
by Ethan Anderton
July 10, 2013
In case you hadn't heard, Legendary Entertainment - the company behind Christopher Nolan's Dark Knight Trilogy, The Hangover franchise, Man of Steel and this week's release of Pacific Rim - is leaving their Warner Bros. studio home. Over the past few weeks, insiders have been wondering where Legendary would end up, meeting with virtually every major studio in Hollywood. Now the cat is out of the bag as Universal Pictures has announced their new five-year partnership with Legendary to produce and co-finance films together, with Universal providing distribution. This is a big deal for Universal. Read on!
Legendary Entertainment Chairman and CEO Thomas Tull says, "Comcast and NBCUniversal’s global assets in film, television and theme parks offer Legendary unmatched breadth and opportunity to grow our business. We are delighted to be in business with this exceptional team and look forward to a successful partnership." Meanwhile, Universal Pictures Chairman Adam Fogelson and Co-Chairman Donna Langley add, "Legendary has demonstrated a keen ability to identify and acquire powerful fresh intellectual property based ideas, match them with strong filmmakers and turn them into blockbuster hits."
Universal seems to have been struggling over the past few years, trying everything to get back to their former glory. Landing Legendary should hopefully get them back on track. They've been responsible for some of the most successful franchises of the past five years, and they continue to pump out original and quality work that Universal will hopefully market smartly to get an audience. Hopefully Universal will stop clinging to their past franchises and strike up some great new original blockbusters and more when this partnership begins in 2014. Sound good?