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Legendary Entertainment Buys Out Wanda’s Remaining Ownership Stake In New Era For Studio
Legendary Entertainment has completed a buyout of Wanda Group's remaining equity interest in a move CEO Josh Grode said ushers in a new era for the studio.
Financial terms weren't disclosed but Legendary said it funded the transaction entirely from cash on its balance sheet for the deal led by Grode…
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The Fire Behind The Film: ‘Dune: Part Two’
When movies come out, we grade them with reviews, define them by box office returns or eyeballs on streaming services, and maybe trophies down the line. But every successful, ambitious film starts with a dream, followed by compromise and adversity. Deadline offers the occasional peek into the creative…
Legendary Sells Minority Stake To Apollo For $760M, Regains Control As Wanda Pares Position
Legendary Entertainment, the production company behind film franchises like Dune and Enola Holmes, has sold a minority stake to the private equity firm Apollo for $760 million.
Under the deal, Legendary management will regain operational, strategic and creative control of the company. Chinese giant Dailan Wanda will…
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By Dade Hayes
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Legendary Underwrites Public Counsel Initiative To Help Furloughed Hollywood Workers Navigate Complex Unemployment Paperwork Gauntlet
EXCLUSIVE: In a collective effort to help the growing legion of Hollywood folks who’ve been abruptly furloughed or fired because of the COVID-19 epidemic, Legendary Entertainment has joined forces with the pro bono legal collective Public Counsel to launch an assistance program designed to help get their unemployment…
- Exclusive
- Business
Legendary To Fund Local Lingo Films In Library Pictures Intl Deal
Legendary Pictures has invested in Library Pictures International, a content financing entity organized earlier this year by CAA Media Finance to support filmmakers and distributors in the international market by investing in local language production slates. Led by Mary Parent and Josh Grode, Legendary will be part…
Legendary Denying Report It Is Negotiating Saudi Funding Infusion
UPDATED: Legendary is categorically denying a report that originated from Reuters today that Saudi Arabia's sovereign wealth fund is eyeing a $700 million investment in the company. According to the report, the country's Public Investment Fund is considering a stake purchase from Chinese conglomerate Wanda, which…
- Breaking
- Business
Wanda Courting Attorney Josh Grode For Legendary CEO Job
Dalian Wanda has offered the CEO job at Legendary Entertainment to Irell & Manella law firm partner Josh Grode, sources confirmed to Deadline. The post has been open since Thomas Tull exited his company after selling it to China-based Wanda for $3.5 billion. Grode hasn’t said yes, sources said, and might not. He has…
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