×
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

  • Legendary Celebrity Photographer, Terry O'Neill, in

    Terry O'Neill, Celebrity Photographer of '60s and '70s, Dies at 81

    Terry O’Neill, the British photographer known for his famous shots of celebrities in the ’60s and ’70s and his marriage to Faye Dunaway, has died after a bout with cancer. He was 81. O’Neill’s agency told the BBC that he had prostate cancer and died at home on Saturday night after a long illness. O’Neill [...]

  • Hollywood celebrated the individuals redefining "on-screen

    Media Access Awards Honors Individuals Increasing Representation for Disabilities

    Hollywood celebrated individuals redefining “on-screen representation for the disability community” with the Media Access Awards, in partnership with Easterseals, at the Beverly Hilton Thursday. Norman Lear and Jimmy Kimmel kicked off the event, which featured Camryn Manheim, CJ Jones, Coby Bird and “The Peanut Butter Falcon” actors Zack Gottsagen and John Hawkes presenting awards along [...]

  • 'Roxanne' Singer Arizona Zervas Signs With

    'Roxanne' Singer Arizona Zervas Signs With Columbia

    Hotly tipped singer-songwriter Arizona Zervas, whose viral hit “Roxanne” is in the top 40 of the Billboard Hot 100,  has signed with Columbia, Variety has confirmed. Since the release of the track on Oct. 10, “Roxanne” has reached nearly 50 million streams on Spotify. The single topped Spotify U.S. top tracks chart for an uninterrupted [...]

  • Jax Media at Variety New Leaders

    Jax Media Accepts Variety's Creative Leadership Award at New Leaders Cocktail Party

    This year’s Variety New Leaders event, presented by City National Bank, honored innovative visionaries in entertainment. The cocktail party was hosted on a chilly Thursday night in Lower Manhattan’s Jimmy Rooftop Bar at the James Hotel. Patrick McCarthy, senior VP and head of marketing for City National Bank, kicked off the event highlighting the new [...]

  • taylor swift, scott borchetta and scooter

    Rage Against the Big Machine: What's Driving the Taylor Swift Showdown

    The latest Taylor Swift-Scooter Braun-Scott Borchetta kerfuffle involves the sort of music business minutiae that doesn’t commonly interest the general public — in fact, it’s probably safe to say that untold thousands if not millions of people are suddenly familiar with the concept of re-recording old masters. But in blasting Braun on social media and [...]

  • Redbox

    Redbox Settles Disney Suit, Agrees Not to Sell Download Codes

    Redbox has settled its litigation with Disney, agreeing not to resell codes that allow customers to download movies. Redbox has traditionally offered DVDs for rent through its distinctive kiosks. In October 2017, the company also began offering download codes at a considerable discount compared to the price on iTunes, Amazon or other services. Redbox did [...]

  • Shari Redstone: ViacomCBS 'Can Compete With

    Shari Redstone: ViacomCBS 'Can Compete With the Best of Them'

    Shari Redstone is emphatic: ViacomCBS has plenty of resources and the scale to compete in the new world order for media giants. “We absolutely have enough scale,” Redstone said Friday morning during her Q&A held as part of the Paley Center for Media’s International Council Summit in New York. “We have an incredible library. We [...]

More From Our Brands

Access exclusive content