You will be redirected back to your article in seconds

Legendary’s ‘Warcraft,’ ‘Seventh Son’ Secure Chinese Investment

China Film Co. has come on board to co-finance Legendary Entertainment’s “Warcraft” and “Seventh Son,” investing at least $10 million in the tentpoles. Deal was made with Legendary East, Thomas Tull’s Chinese film arm.

The deal marks the first time China Film Co. has taken a stake in Hollywood films. If the Legendary productions are approved for Chinese release, China Film Co. will distribute the films there with distribution and marketing support to be provided by Legendary East and Universal Pictures.

The announcement comes nearly a year after Legendary announced it was partnering with China Film Co. in a multi-year co-production deal designed for the Chinese and global markets. China Film Co. is the largest producer and distributor of movies in China and is owned by the China Film Group.

That agreement also called for the two companies to fund the development and production of multiple pictures over an initial three-year term.

“These investments are an important step in the evolution of our partnership with China Film Co., Ltd.,” said Thomas Tull, CEO of Legendary Entertainment.

The pact calls for China Film Co., to be credited on those films and its equity to be recouped on a worldwide basis.

Legendary East worked with then-partner Warner Bros. last year for the release of “Pacific Rim” in China, where it outgrossed the U.S. box office with $115 million.

Universal Pictures is releasing Jeff Bridges’ fantasy vehicle “Seventh Son” on Feb. 6 in the U.S. “Warcraft,” based on Blizzard Entertainment’s popular videogame franchise “World of Warcraft,” is set for a March 11, 2016, domestic release.

More Biz

  • Darcus Beese

    Darcus Beese of Island Records U.K. to Take Helm at U.S. Label: Sources

    China Film Co. has come on board to co-finance Legendary Entertainment’s “Warcraft” and “Seventh Son,” investing at least $10 million in the tentpoles. Deal was made with Legendary East, Thomas Tull’s Chinese film arm. The deal marks the first time China Film Co. has taken a stake in Hollywood films. If the Legendary productions are […]

  • Netflix placeholder

    Netflix Stock Slips After Streamer Announces $1.9 Billion Junk-Bond Offering

    China Film Co. has come on board to co-finance Legendary Entertainment’s “Warcraft” and “Seventh Son,” investing at least $10 million in the tentpoles. Deal was made with Legendary East, Thomas Tull’s Chinese film arm. The deal marks the first time China Film Co. has taken a stake in Hollywood films. If the Legendary productions are […]

  • Bill Cosby departs after his sexual

    Bill Cosby's Defense Lawyer Calls Accuser 'Pathological Liar'

    China Film Co. has come on board to co-finance Legendary Entertainment’s “Warcraft” and “Seventh Son,” investing at least $10 million in the tentpoles. Deal was made with Legendary East, Thomas Tull’s Chinese film arm. The deal marks the first time China Film Co. has taken a stake in Hollywood films. If the Legendary productions are […]

  • Merger Mayhem

    Merger Mayhem: Media Companies Scramble to Bulk Up in Order to Survive

    China Film Co. has come on board to co-finance Legendary Entertainment’s “Warcraft” and “Seventh Son,” investing at least $10 million in the tentpoles. Deal was made with Legendary East, Thomas Tull’s Chinese film arm. The deal marks the first time China Film Co. has taken a stake in Hollywood films. If the Legendary productions are […]

  • Bruce Springsteen and Patti SmithWorld Premiere

    Bruce Springsteen Joins Patti Smith on Stage at Tribeca 'Horses' Premiere

    China Film Co. has come on board to co-finance Legendary Entertainment’s “Warcraft” and “Seventh Son,” investing at least $10 million in the tentpoles. Deal was made with Legendary East, Thomas Tull’s Chinese film arm. The deal marks the first time China Film Co. has taken a stake in Hollywood films. If the Legendary productions are […]

  • Hulu Live TV Package

    APOS: Asian Video Market Set for Strong Growth (Study)

    China Film Co. has come on board to co-finance Legendary Entertainment’s “Warcraft” and “Seventh Son,” investing at least $10 million in the tentpoles. Deal was made with Legendary East, Thomas Tull’s Chinese film arm. The deal marks the first time China Film Co. has taken a stake in Hollywood films. If the Legendary productions are […]

More From Our Brands

Access exclusive content