Legendary Entertainment — Hollywood’s high-profile producer and co-financier of big-budget studio fare — has found a new partner in Sony Pictures.
Under the terms of the deal, Legendary films will be distributed and marketed by Sony globally, with the exception of China, where Legendary East will handle those duties. Sony also handles home entertainment and TV distribution for those films. Sony does not own a streaming service and continues to partner with other companies for Legendary streaming, which it has with Netflix. Enola Homes movies.
Contract not included mound Or Godzilla franchises, which will continue to be released by Legendary’s previous partner, Warner Bros. The Mound: Part Two Due out on November 3, 2023 from Warners.
Sony has no formal deal to co-finance Legendary Pictures, though the two could explore that option down the road.
“This is a rare opportunity to partner in this mutually beneficial way with true pros who are fully aligned in our theatrical commitment and vision for this business,” said Josh Greenstein and Sanford Panich, presidents of Sony Pictures’ Motion Picture Group. “Legendary’s creative brilliance and energy is immense and we look forward to bringing his work to theaters around the world.”
Legendary was founded by Thomas Tull in the early 2000s at a time when Hollywood studios relied heavily on flush co-financiers backed by private equity money. The company put up the money Superman Returns and Christopher Nolan’s Dark Knight Trilogy.
But as Tull established himself, he wanted Legendary to be a production company in its own right, using the extensive distribution and marketing networks of the major studios. He produced and financed the film starring Chadwick Boseman 42 and spearheaded the revival of the Godzilla and King Kong franchises.
After a long stint at Warner, Legendary inked a new distribution and co-financing deal with Universal, which officially began in 2014. The Legendary-Universal marriage didn’t last long and Legendary returned to Warner in 2019 following Tull’s departure in 2017. Universal had several misses including Ears, Legendary Skyscraper.
Legendary was the lead producer on two of Pandemic’s biggest hits: mound And Godzilla vs. Kong. But the relationship with Warners soured when former Warner Media chief Jason Kilar was not in the loop on Legendary, which announced that it was simultaneously sending all of its 2021 theatrical titles to HBO Max.
“Sony’s commitment to theatrical distribution aligns with our vision of how to get more value for Legendary films,” said Legendary CEO Joshua Grode. “Mary Parent’s incredible slate of films is built for theatrical experience, and we are excited about our partnership with Sony for this next phase of Legendary’s growth … We are grateful to Warner Bros. Pictures for being a valued partner. We look forward to continuing our work with Legendary, and the talented executives at Warner/Discovery for many years.” We are watching.
Sony Pictures Motion Group CEO and Chairman Tom Rothman added: “Legendary is, well, legendary, and we’re excited and fortunate to add Josh and Mary’s strong slate to our continued commitment to great films on the big screen.”
Upcoming, Legendary has several projects including an adaptation of the 90s video game Duke Nukem, As well machine, starring Burt Kreischer and Mark Hamill. A long list of company co-financing and co-producing loans is also covered Jurassic World: Fallen Kingdom, unbroken And interstellar.