American media company based in Burbank, California
Top 3 Legendary Entertainment related articles
Legendary Entertainment logo
|Type||Limited liability company|
Number of employees
Legendary Digital Networks
Geek & Sundry
Amy Poehler's Smart Girls
Legendary Pictures Productions, LLC, doing business as Legendary Entertainment or simply Legendary, is an American film production and mass 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.
Legendary Entertainment Intro articles: 5
Thomas Tull founded Legendary Entertainment after raising $500 million from private equity firms. 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. Legendary Pictures, Inc. was incorporated in California in 2000 and in 2005 it signed an agreement with Warner Bros. to co-produce and co-finance up to 40 films over seven years. 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. Golden Harvest later sold its stake in the company for $30 million. In 2011, Accel Partners bought $40 million-worth of shares and Accel partner Jim Breyer joined the company's board of directors. That same year the company was reported to have been valued at more than $1 billion. In September 2011, Chief Creative Officer Jon Jashni was appointed to the new position of President. In December 2012, Waddell & Reed bought around 20% of Legendary's shares for $443 million.
In July 2013, Legendary reached an agreement with Universal Pictures in which it would market, co-finance, and distribute Legendary's films for five years starting in 2014, the year that Legendary's similar agreement with Warner Bros. expired. 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.
In 2014, Legendary acquired the television 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.
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.
On January 17, 2017, it was announced that Tull had exited as Legendary Entertainment CEO. He was replaced by the senior vice president of Wanda's cultural industry group, Jack Gao, as interim CEO.
On October 17, 2017, it was reported that Gao stepped down from his positions at Legendary Entertainment and Wanda Group. 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". 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.
On December 5, 2017, it was announced that Joshua Grode had been named as Legendary Entertainment CEO.
Legendary Entertainment History articles: 20
Divisions and ventures
In addition to producing American films, Legendary Entertainment has announced various other business endeavors.
Legendary Digital Networks
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. The goal of the division was reoriented in 2012 with the acquisition of Nerdist Industries, LLC, a pop culture blog with an eponymous podcast. 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. In 2014, Legendary acquired both Geek & Sundry, Inc., a YouTube channel and production company and the website Amy Poehler's Smart Girls. On June 10, 2016, LDN announced a subscription streaming service, Alpha, which will include programming from both Nerdist and Geek & Sundry. The Alpha service was shutdown on March 31, 2019.
In July 2020, Legendary laid off 30% of the LDN staff. Variety reported that "there was a sense that the operations were a money drain on the company’s profitable film and television operations. Those cuts were accelerated by the onset of COVID-19, which has resulted in layoffs and furloughs across the entertainment industry". The Hollywood Reporter reported that "the digital brands have become less important to the strategic direction of Legendary in recent years as the online content business has shifted away from the networks that grew big during thee early heyday of YouTube stardom. Legendary Digital is not a moneymaker for the business the way its core film and TV divisions are".
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. The first graphic novel published by the company was Holy Terror by Frank Miller, which was released in 2011.
Legendary Television and Digital Media
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. 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.
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. Also in 2013, Legendary invested in hiring former head of Warner Bros. Television, Bruce Rosenblum, to head Legendary's television and digital media operations. 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.
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), and 10% was to owned by the Huayi Brothers International. 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. 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.
Legendary Entertainment Divisions and ventures articles: 25
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. The box office column reflects the worldwide gross for the theatrical release of the film in United States dollars, not adjusted for inflation.
- Legendary East was the production company on this film.
- Legendary Digital Media was the production company on this film.
|2021||Godzilla vs. Kong||Adam Wingard||Warner Bros./Toho|
|Dune||Denis Villeneuve||Warner Bros.|
|2023||Just Cause||Michael Dowse||Universal Pictures|
|Bad Blood||Adam McKay|
|Dune: Part II||Dennis Villeneuve||Warner Bros. Pictures|
|TBA||The Texas Chainsaw Massacre||David Blue Garcia||TBA|
|The Toxic Avenger||Macon Blair|
|Enola Holmes 2||Harry Bradbeer||Netflix|
|Untitled Pokémon: Detective Pikachu sequel||Rob Letterman||Warner Bros. Pictures|
|Untitled Warcraft reboot film||TBA||TBA|
Legendary Entertainment Filmography articles: 184
- Brophy-Warren, Jamin (2009-02-27). "A Producer of Superheroes". The Wall Street Journal. Retrieved 2011-07-05.
- Abrams, Rachel and Marc Graser (2011-04-15). "Legendary Pictures eyes new credit line". Variety. Retrieved 2011-07-05.
- "Business Search for 'Legendary Pictures'". Secretary of State of California. Archived from the original on 2010-04-02. Retrieved 2012-09-08.
- Fritz, Ben (2010-10-05). "Legendary Pictures chairman engineers takeover". Los Angeles Times. Retrieved 2014-12-02.
- Rainey, James (2015-12-08). "Dalian Wanda Eyes Investment in Thomas Tull's Legendary Pictures". Variety. Retrieved 2015-12-17.
- "Accel Partners Buys $40M in Legendary Shares". The Wrap. 2011-04-06. Retrieved 2012-12-02.
- Weinstein, Joshua L. (2011-09-20). "Jon Jashni Promoted to President of Legendary Pictures". The Wrap. Retrieved 2011-09-24.
- Fritz, Ben (2012-12-18). "Legendary raises $443 million as big 2013 looms". Los Angeles Times. Retrieved 2012-12-21.
- Faughnder, Ryan (2013-07-10). "Legendary Entertainment strikes five-year deal with NBCUniversal". Los Angeles Times. Retrieved 2013-07-10.
- Faughnder, Ryan (2014-10-03). "SoftBank Corp. investing $250 million in Legendary Entertainment". Los Angeles Times. Retrieved 2014-12-02.
- Andreeva, Nellie (10 December 2013). "Legendary Acquires Asylum Entertainment For More Than $100 Million". Retrieved 13 March 2018.
- Graser, Marc (9 December 2013). "Legendary Entertainment Acquires Asylum Entertainment". Retrieved 13 March 2018.
- Kaiman, Jonathan (January 11, 2016). "China's Dalian Wanda Group buys Legendary Entertainment for up to $3.5 billion". Los Angeles Times. Retrieved January 12, 2016.
- Busch, Anita (17 January 2017). "Thomas Tull Exiting As Legendary's Chairman & CEO".
- Faughnder, Ryan (2017-10-17). "Jack Gao leaves Wanda and Legendary Entertainment". Los Angeles Times. ISSN 0458-3035. Retrieved 2017-10-19.
- "Jack Gao exits Wanda, Legendary Entertainment as group's global push faces setback". South China Morning Post.
- "Wanda's Man in Hollywood Steps Down". Wall Street Journal.
- "China cracks down on Dalian Wanda's overseas deals: sources". Reuters. 2017-07-17. Retrieved 2017-10-19.
- Fleming, Mike Jr. (2017-12-05). "Joshua Grode Takes Legendary CEO Post; How He And Mary Parent Intend To Write Wanda-Backed Company's Next Chapter". Deadline Hollywood. Retrieved 2018-01-10.
- Pham, Alex (2009-03-18). "It's official: Legendary Pictures hired Kathy Vrabeck to head up digital division". Los Angeles Times. Retrieved 2011-07-05.
- Finke, Nikki (2012-07-10). "TOLDJA! Legendary Acquiring Nerdist On Eve Of Comic-Con". Deadline Hollywood. Retrieved 2012-08-04.
- "Legendary Entertainment Acquires Nerdist Industries". Legendary Entertainment. 2012-07-10. Retrieved 2012-08-04.
- Graser, Marc (2014-08-04). "Legendary Buys Felicia Day's Geek & Sundry". Variety. Retrieved 2014-08-04.
- Graser, Marc (2014-10-13). "Legendary Entertainment Buys Amy Poehler's Smart Girls at the Party". Variety. Retrieved 2014-10-13.
- Spangler, Todd (10 June 2016). "Legendary Digital Subscription Service to Feature Live, Interactive Shows from Nerdist, Geek & Sundry". Variety. Retrieved 3 November 2016.
- Spangler, Todd (2019-03-02). "Legendary Is Shutting Down Alpha Streaming Service From Nerdist, Geek & Sundry". Variety. Retrieved 2020-02-22.
- Lang, Brent (2020-07-31). "Layoffs Hit Legendary's Digital Division (EXCLUSIVE)". Variety. Retrieved 2020-11-12.
- Jarvey, Natalie (July 31, 2020). "Legendary Digital Cuts 30 Percent of Staff | Hollywood Reporter". www.hollywoodreporter.com. Retrieved 2020-11-12.
- Eller, Claudia (2010-11-03). "Legendary Pictures forges into comic books". Los Angeles Times. Retrieved 2011-07-05.
- Boucher, Geoff (2011-06-30). "Frank Miller brings 'Holy Terror' to 9/11 anniversary: 'I hope it shakes people up'". Los Angeles Times. Retrieved 2011-07-05.
- Andreeva, Nellie (2011-01-18). "Legendary Pictures Forms TV Division To Be Based At WBTV & Taps AMC's Jeremy Elice". Deadline Hollywood. Retrieved 2011-09-24.
- Andreeva, Nellie (2012-08-22). "Legendary Pictures Closes TV Division, Ends Deal With Warner Bros. Television". Deadline Hollywood. Retrieved 2012-09-08.
- Graser, Marc (2013-05-16). "Legendary Entertainment Buys Marketing Agency FIVE33". Variety. Retrieved 2013-05-30.
- James, Meg (2013-06-17). "Bruce Rosenblum joins Legendary Entertainment". Los Angeles Times. Retrieved 2013-06-19.
- Andreeva, Nellie (2013-12-09). "Legendary Acquires Asylum Entertainment". Deadline Hollywood. Retrieved 2013-12-09.
- Fritz, Ben (2011-08-22). "Legendary East to go public with initial value of $441 million". Los Angeles Times. Retrieved 2011-08-22.