Legendary Entertainment has upped Marlin Prager to chief financial officer, reporting to chairman-CEO Thomas Tull.
Prager, who has been at Legendary since 2005, was previously senior VP of finance. In his new role he will be responsible for all aspects of financial management, planning, forecasting, accounting and capital structure.
He replaces Larry Clark, who had been Legendary’s CFO since 2004.
Prager will especially prove instrumental in helping Legendary move forward with plans for an initial public offering, which it is considering launching in the summer of next year ( Daily Variety , July 20). The exec also will oversee new rounds of financing flowing into the company, which include the closing of $275 million in debt and equity in April, and another $700 million last year.
Prior to joining Legendary, Prager was a partner at W2 Films, working with film auditing and fund compliance, and was involved in the structuring of German tax structures. He also helped created Digital Cinema Ventures, a startup digital projection venture. Before that, he was a member of the entertainment and media teams at Houlihan Lokey, and Price Waterhouse.
In 2001, he founded a digital media services group called Sample to work with studios on digital distribution of film dailies.