×
You will be redirected back to your article in seconds

Legendary Entertainment Moves to NBCUniversal (EXCLUSIVE)

New deal ends eight-year relationship with Warner Bros.

Legendary Entertainment has found a new home: NBCUniversal, as it ends an eight-year relationship with Warner Bros. Deal is expected to be announced Wednesday, sources tell Variety.

While Thomas Tull had also been in talks with 20th Century Fox, Sony Pictures and Lionsgate for a new co-financing and distribution deal, Universal wound up offering Legendary more attractive opportunities as it looks to produce more films that it finances itself and expands into the TV biz.

Financial terms of the new partnership were not disclosed, but sources say it will be close to Legendary’s deal at Warner Bros., with the company co-financing films with Universal.

“I wish him well,” Time Warner topper Jeff Bewkes said of the Legendary chief’s exit on Tuesday, although he did not comment on where Legendary was headed.

Multiple sources, including those attending this week’s Allen & Co. conference in Sun Valley, Idaho, were knowledgable about the forthcoming announcement. Tull is attending the “Pacific Rim” premiere in Hollywood and plans to arrive at the conference on Wednesday.

SEE ALSO: Universal Announces Legendary Entertainment Deal

In late June, Tull said he would decide whether to re-up with Warner Bros. or leave for another studio within 60 days, or by the end of the summer. Move wound up coming faster than many had expected.

Tull has said that any studio it decided to partner with would have to agree to “help fulfill the grand vision” he has to build a larger entertainment company that produces not just films, but TV shows, digital content and publishes comicbooks that appeal to fans of genre fare. Its “Pacific Rim” bows this weekend. Variety first reported that Legendary was officially ending its relationship with Warner Bros.

SEE ALSO: Warner Bros. No Longer in Legendary’s Future

New NBCUniversal deal comes less than a week before Legendary makes the trek to San Diego Comic-Con to tubthump “Godzilla,” “300: Rise of an Empire” and “Seventh Son” with Warner Bros., which is distributing those films. Nerdist Industries is promoting “Pacific Rim” as it runs its “Star Wars”-themed “Course of the Force” lightsaber relay race from George Lucas’ Skywalker Ranch to the fanboy fest this week.

Although Legendary’s deal with Warner Bros. is over, the two will still work together to release “Godzilla,” “Seventh Son” and the “300” sequel next year.

NBCUniversal has long been considered the frontrunner given its strong film distribution pipeline around the world and the TV networks it owns — from NBC to Syfy. Company also provides access to the company’s theme parks which could easily house attractions based on Legendary’s upcoming pics that include “Pacific Rim” and “Godzilla.”

In addition to attractions based on tentpole titles, Legendary will also provide Universal with a new co-financing partner for its slate of films after outside production coin from hedge fund Elliott Management dries up at the end of the year. Legendary also provides Universal with an open door into China, through a three-year co-production pact with China Film Group.

Finding a strong TV partner has been key to Legendary’s talks as it develops new series under former Warner Bros. Television chief Bruce Rosenblum, who joined Legendary as president of TV and digital media last month.

More Biz

  • IWC Schaffhausen store opening, Rodeo Drive,

    8 Luxury Gifts That Industry Leaders Are Spending Their Paychecks On

    Whether you’re celebrating a new launch, a new business venture, or toasting to the end of another successful year, here are eight gift ideas to reward yourself — and to impress the company you keep. 1. Saint Laurent Perforated Leather Tote Bag If you work in the industry, you need a good bag, and you’ve [...]

  • best airlines ranked inflight entertainment

    Holiday Travel Survey Reveals Airlines With Best In-Flight Entertainment

    There are many ways to pass the time if you’re in the air, but for most people, settling in with a glass of wine and a movie is the preferred way to fly. But not all airlines share the same script when it comes to entertainment offerings. A new survey from the website, CableTV.com, ranked [...]

  • Ventana Sur Rocks with Sales, Mass

    Ventana Sur Rocks with Sales, Mass Attendance, Structural Growth

    BUENOS AIRES — Celebrating its 10th anniversary with a huge hike in attendance to over 4,000 accredited delegates, the 2018 Ventana Sur will go down in history on multiple counts: Sales and pick-ups on movies which combined social comment and entertainment value, increasingly the new foreign-language movie standard; new sections, led by a Proyecta co-production [...]

  • Jennifer Lawrence Harvey Weinstein

    Jennifer Lawrence Denies Harvey Weinstein's Claim in Latest Assault Lawsuit

    Harvey Weinstein was hit with a lawsuit Friday from an actress who claims he forcibly performed oral sex on her, repeatedly masturbated in front of her, and threatened to harm her career if she objected. The suit details that Weinstein claimed he was trying to help her and that he was the gateway to her dreams. [...]

  • Times Up Hollywood

    Time's Up Entertainment Announces New Industry Mentoring Initiative

    Time’s Up Entertainment, an affiliate of the Time’s Up coalition of women across industries working to improve workplace safety, has announced the “Who’s in the Room” industry mentoring initiative. The program’s goal is to increase the presence of people of color from diverse backgrounds in the entertainment industry’s executive ranks. Funded by a $500,000 grant from [...]

  • Tom Cruise as Ethan Hunt in

    Paramount Inks Deal for Theme Park in South Korea

    Paramount Pictures has announced a deal to install a studio-branded theme park in an entertainment resort being developed in South Korea. The agreement was struck between Paramount and Mohegan Gaming & Entertainment, which owns the Inspire Integrated Entertainment Resort in the South Korean city of Incheon. Mohegan has invested KRW 2.8 trillion ($2.4 billion) in [...]

  • Davan Maharaj Mel Gibson

    L.A. Times Publisher's Lawyer Was Accused of Extorting Mel Gibson

    The attorney who negotiated a $2.5 million exit package for L.A. Times publisher Davan Maharaj was previously accused of using secret recordings to extort actor Mel Gibson. Surreptitious recordings also figure in the Maharaj case. NPR reported on Wednesday that Maharaj taped Tronc chairman Michael Ferro. According to the report, Ferro was heard on the [...]

More From Our Brands

Access exclusive content