Legendary Entertainment

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Legendary Pictures Productions, LLC
Subsidiary
IndustryMotion picture
Media
Publishing
Founded2000; 18 years ago (2000)
FounderThomas Tull
Headquarters,
Key people
  • Thomas Tull
  • (Founding Chairman)
Parent
DivisionsLegendary Pictures
Legendary Comics
Legendary Television
Legendary East
Legendary Digital Networks
SubsidiariesAsylum Entertainment
Five33
Geek & Sundry
Nerdist Industries
Amy Poehler's Smart Girls
Websitewww.legendary.com

Legendary Entertainment (also known as Legendary Pictures or simply Legendary) is an American media company based in Burbank, California. The company was founded by Thomas Tull in 2000 and in 2005 concluded an agreement to co-produce and co-finance films with Warner Bros. and Universal Pictures. Since 2016, Legendary has been a subsidiary of the Chinese conglomerate Wanda Group.

History[edit]

Thomas Tull founded Legendary Entertainment after raising $500 million from private equity firms.[1] It was one of the first companies of its kind to pair major motion picture production with major Wall Street private equity and hedge fund investors, including ABRY Partners, AIG Direct Investments, Bank of America Capital Investors, Columbia Capital, Falcon Investment Advisors, and M/C Venture Partners.[2] Legendary Pictures, Inc. was incorporated in California in 2000[3] and in 2005 it signed an agreement with Warner Bros. to co-produce and co-finance up to 40 films over seven years.[2] In 2010, Tull, Fidelity Investments, and Fortress Investment Group bought all the shares of the original investors. The buyout also included a $25 million-investment by Orange Sky Golden Harvest Entertainment. Following the transaction, Tull became the largest shareholder, thus enabling him to more easily direct the company's operations.[4] Golden Harvest later sold its stake in the company for $30 million.[5] In 2011, Accel Partners bought $40 million-worth of shares and Accel partner Jim Breyer joined the company's board of directors.[6] That same year the company was reported to have been valued at more than $1 billion.[2] In September 2011, Chief Creative Officer Jon Jashni was appointed to the new position of President.[7] In December 2012, Waddell & Reed bought around 20% of Legendary's shares for $443 million.[8]

In July 2013, Legendary reached an agreement with Universal Pictures in which it will market, co-finance, and distribute Legendary's films for five years starting in 2014, the year that Legendary's similar agreement with Warner Bros. expires.[9] In October 2014, SoftBank bought $250 million shares, a 10% stake, in Legendary. The transaction increased the company's total value to around $3 billion.[10]

In 2014, Legendary acquired the TV producer Asylum Entertainment, which made ESPN's 30 for 30 and miniseries The Kennedys, for $100 million, but Asylum Entertainment will continue operating as a separate company.[11][12]

On January 11, 2016, Chinese conglomerate Wanda Group announced that it concluded an agreement with shareholders to acquire Legendary Entertainment for $3.5 billion, making it the largest acquisition of an American media company by a Chinese firm.[13]

On January 17, 2017, it was announced that Tull had exited as Legendary Entertainment CEO.[14] He was replaced by the senior vice president of Wanda's cultural industry group, Jack Gao, as interim CEO.[15]

On October 17, 2017, it was reported that Gao stepped down from his positions at Legendary Entertainment and Wanda Group.[16][17] The resignation comes after an announcement by Wanda's chairman Wang Jianlin earlier that year that Wanda would refocus its investments onto the Chinese domestic market in an attempt to "actively respond to the call of the country".[16] This, in turn, is thought to be a consequence of the Chinese government banning Chinese banks to provide loans to Wanda Group's foreign operations intended to stop the firm's offshore acquisition plans.[18]

On December 5, 2017, it was announced that Joshua Grode had been named as Legendary Entertainment CEO.[19]

Divisions and ventures[edit]

In addition to producing American films, Legendary Entertainment has announced various other business endeavors.

Legendary Digital Networks[edit]

In 2009, the company announced the establishment of a digital division, to be headed by Kathy Vrabeck, that would primarily focus on game development, a move which surprised many industry analysts because of the film industry's previous disengagement with the video game industry.[20] The goal of the division was reoriented in 2012 with the acquisition of Nerdist Industries, LLC, a pop culture blog with a eponymous podcast.[21] Nerdist founder Chris Hardwick announced that he and his partner Peter Levin (founder of GeekChicDaily) would still have complete editorial autonomy and that they would become the new presidents of the digital division, with Levin heading digital strategy and the digital content.[22] In 2014, Legendary acquired both Geek & Sundry, Inc., a YouTube channel and production company[23] and the website Amy Poehler's Smart Girls.[24] On June 10, 2016, LDN announced a subscription streaming service, Alpha, which will include programming from both Nerdist and Geek & Sundry.[25]

Legendary Comics[edit]

In 2010, the company announced the launch of a comic book division called Legendary Comics, LLC under the direction of editor-in-chief Bob Schreck.[26] The first graphic novel published by the company was Holy Terror by Frank Miller, which was released in 2011.[27]

Legendary Television and Digital Media[edit]

In 2011, the company announced the creation of Legendary Television to focus on developing television productions. The division was headed by Jeremy Elice and a co-financing contract with Warner Bros. Television was signed.[28] However, in 2012, Legendary decided to postpone its expansion into television and put the division on hold while restructuring; the contract with Warner Bros. was terminated and Elice left the company.[29]

In 2013, Legendary purchased film marketing agency Five33 Ltd. The company, which in the past has worked on marketing campaigns for various studios, will now work exclusively on marketing Legendary's films.[30] Also in 2013, Legendary invested in hiring former head of Warner Bros. Television, Bruce Rosenblum, to head Legendary's television and digital media operations.[31] In December 2013, Legendary acquired television production company Asylum Entertainment, best known for producing sports programming and reality and scripted television series such as Beyond the Glory and The Kennedys.[32]

Legendary East[edit]

In 2011, the company announced the formation of Legendary East Ltd., a joint venture film production company based in Hong Kong. The purpose of the company is to co-produce films with Chinese companies to bypass Chinese quotas on foreign film releases in the country.

Under an initial agreement with Chinese film distributor Huayi Brothers International, half of the company was to be owned by the shell corporation Paul Y. Engineering Group, 40% was to be owned by Legendary Entertainment (through holding companies such as Legendary Asian Pacific, LLC or Legendary East Holdings, LLC[3]), and 10% was to owned by the Huayi Brothers International.[33] Legendary East initially hoped to produce one to two globally marketed English-language films per year and finance a quarter of the production of an additional two films per year. The company hoped to raise US$220.5 million through the sale of stock of Paul Y. Engineering Group on the Hong Kong Stock Exchange by the end of 2011.[34] However, because financing did not meet the targeted goal, Legendary East scrapped the deal with Huayi Brothers International and continued its efforts to secure financing in 2012.[34]

In 2013, Legendary East announced a new agreement with China Film Group. Under the new agreement, the two companies will co-produce multiple films over a three-year period.[35]

Filmography[edit]

Legendary Entertainment has produced 53 feature films. In addition, the company is also in the process of producing an additional five films and is developing various other projects. Of the 53 feature films produced, 48 have had theatrical releases, one has had a direct-to-video release, and four have had video on demand releases. Note that in most cases the distributor or distributors also co-produced the film. In all cases, the film listed is a work of Legendary Pictures, unless the film's name is followed by a subscript "E", indicating that Legendary East is the production company or a subscript "D", indicating that Legendary Digital Media is the production company. The box office column reflects the worldwide gross for the theatrical release of the film in United States dollars, not adjusted for inflation.

Films[edit]

Year Title Director Co-production company(s) Distributor(s) Box office Ref.
2005 Batman Begins Christopher Nolan Syncopy Warner Bros. $374,218,673 [36]
2006 Superman Returns Bryan Singer Peters Entertainment / Bad Hat Harry $391,081,192 [37]
Lady in the Water M. Night Shyamalan Blinding Edge Pictures $72,785,169 [38]
The Ant Bully John A. Davis Playtone / DNA Productions $55,181,129 [39]
Beerfest Jay Chandrasekhar Gerber Pictures / Cataland Films / Broken Lizard $20,387,597 [40]
We Are Marshall McG Thunder Road Pictures / Wonderland Sound and Vision $43,545,364 [41]
300 Zack Snyder Virtual Studios $456,068,181 [42]
2008 10,000 BC Roland Emmerich Centropolis $269,784,201 [43]
The Dark Knight Christopher Nolan Syncopy $1,004,558,444 [44]
2009 Watchmen Zack Snyder Lawrence Gordon Productions Warner Bros. / Paramount $185,258,983 [45]
Observe and Report Jody Hill DeLine Pictures Warner Bros. $26,973,554 [46]
The Hangover Todd Phillips Green Hat Films $467,483,912 [47]
Trick 'r Treat Michael Dougherty Bad Hat Harry [48]
Where the Wild Things Are Spike Jonze Playtone / Village Roadshow Pictures $100,086,793 [49]
Ninja Assassin James McTeigue Dark Castle Entertainment / Silver Pictures / Anarchos Productions $61,601,280 [50]
2010 Clash of the Titans Louis Leterrier Thunder Road Pictures / The Zanuck Company $493,214,993 [51]
Jonah Hex Jimmy Hayward Mad Chance / Weed Road Pictures $10,903,312 [52]
Inception Christopher Nolan Syncopy $825,532,764 [53]
The Town Ben Affleck GK Films / Thunder Road Pictures $154,026,136 [54]
Due Date Todd Phillips Green Hat Films $211,780,824 [55]
2011 Sucker Punch Zack Snyder Cruel and Unusual Films $89,792,502 [56]
The Hangover Part II Todd Phillips Green Hat Films $586,764,305 [57]
2012 Wrath of the Titans Jonathan Liebesman Thunder Road Pictures $305,270,083 [58]
The Dark Knight Rises Christopher Nolan Syncopy $1,084,439,099 [59]
2013 Jack the Giant Slayer Bryan Singer New Line Cinema / Original Film / Big Kid Pictures / Bad Hat Harry $197,687,603 [60]
42 Brian Helgeland $97,470,701 [61]
The Hangover Part III Todd Phillips Green Hat Films $362,000,072 [62]
Man of Steel Zack Snyder Syncopy $668,045,518 [63]
Pacific Rim Guillermo del Toro DDY $411,002,906 [64]
2014 300: Rise of an Empire Noam Murro Cruel and Unusual Films / Atmosphere Pictures / Hollywood Gang $337,580,051 [65]
Godzilla Gareth Edwards Warner Bros. / Toho $529,076,069 [66]
As Above, So Below John Erick Dowdle Universal $41,898,409 [67]
Dracula Untold Gary Shore Michael De Luca Productions $217,124,280 [68]
Interstellar Christopher Nolan Syncopy / Lynda Obst Productions Paramount / Warner Bros. $675,120,017 [69]
Seventh Son Sergei Bodrov Thunder Road Pictures / Wigram Productions Universal $114,178,613 [70]
Unbroken Angelina Jolie Jolie Pas / 3 Arts Entertainment $163,278,357 [71]
2015 Blackhat Michael Mann Forward Pass $19,589,056 [72]
Dead Rising: Watchtower (D) Zach Lipovsky Contradiction Films / Di Bonaventura Digital Crackle / Content Media [73]
Jurassic World Colin Trevorrow Amblin Entertainment Universal $1,670,400,637 [74]
Straight Outta Compton F. Gary Gray New Line Cinema / Cube Vision / Crucial Films / Broken Chair Flickz $201,634,991 [75]
Steve Jobs Danny Boyle Scott Rudin Productions / Mark Gordon Company / Entertainment 360 / Decibel Films / Cloud Eight Films $34,441,873 [76]
Crimson Peak Guillermo del Toro DDY $74,679,822 [77]
Krampus Michael Dougherty Zam Pictures $61,548,707 [78]
2016 Fastball Jonathan Hock Major League Baseball Gravitas Ventures [79]
Warcraft Duncan Jones Atlas Entertainment Universal $433,537,548 [80]
Dead Rising: Endgame (D) Pat Williams DR2 / Contradiction Films Crackle [81]
The Thinning (D) Michael Gallagher YouTube Red [82]
Spectral (D) Nic Mathieu Netflix [82]
The Great Wall (E) Zhang Yimou Atlas Entertainment / Kava Productions / Le Vision Pictures Universal / CFGC $331,957,105 [83]
2017 Kong: Skull Island Jordan Vogt-Roberts Tencent Pictures Warner Bros. $559,015,391 [84]
2018 Pacific Rim Uprising Steven S. DeKnight Universal $232,101,980 [85]
Jurassic World: Fallen Kingdom J. A. Bayona Amblin Entertainment / Perfect World Pictures $1,295,525,720
Skyscraper Rawson Marshall Thurber Flynn Picture Company / Seven Bucks Productions [86]
Mamma Mia! Here We Go Again Ol Parker Littlestar / Playtone / Perfect World Pictures $393,500,000 [87]
BlacKkKlansman Spike Lee Blumhouse Productions / Monkeypaw Productions / 40 Acres and a Mule Filmworks / QC Entertainment / Perfect World Pictures Focus / Universal
Box office total: $12,630,819,076

Upcoming films[edit]

For the purposes of this list, films that are "in production" are films whose principal photography is ongoing or finished. Films in development and pre-production are not included in this list.

Year Title Director Distributor(s) Ref.
2019 Pokémon: Detective Pikachu Rob Letterman Warner Bros. / Toho [88]
Godzilla: King of the Monsters Michael Dougherty
2020 Godzilla vs. Kong Adam Wingard
Just Cause Brad Peyton
Red Notice Rawson Marshall Thurber Universal [89]
2021 Jurassic World 3 Colin Trevorrow [90]

Television[edit]

Run Type Title Platform Ref.
2015– Series The Expanse Syfy (2015–2018)
Amazon (2019)
[91][92]
2016–2018 Colony USA Network [93]
Love Netflix [94]
2016 Miniseries Electra Woman and Dyna Girl Fullscreen [95]
2017 Series Downward Dog ABC [96]
2018 Miniseries The Looming Tower Hulu
2018– Series Lost in Space Netflix [97]

References[edit]

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External links[edit]