×

Legendary Invests in Library Pictures to Fund Local-Language Production

Legendary Pictures has made an investment in Library Pictures International with plans to fund local-language productions.

Library Pictures is a content-financing entity organized earlier this year by CAA Media Finance to support industry-leading filmmakers and distributors by investing in local-language production slates. As part of the deal, Legendary becomes part of a team at Library to fund deals in India, Latin America and Spain, with Malaysia, Indonesia, South Korea, Vietnam and China.

“Library Pictures aims to fulfill a fundamental and overwhelming demand in local territories for filmed entertainment that simultaneously embodies and is authentic to those audiences,” said Joshua Grode, Legendary CEO. “Not only do we have a unique opportunity to lift and empower new voices and local producers, but we can benefit economically by investing in and supporting these lucrative marketplaces.”

David Taghioff, who leads Library from its Los Angeles headquarters, cited Legendary’s role as a pioneer of slate financing, its strategic knowledge and appreciation for international storytellers.

Popular on Variety

“They are an ideal partner in fueling Library’s continued growth as we collectively support content creators around the world,” he added

The deal was brokered by Sam Kozhaya on behalf of Legendary and CAA Media Finance on behalf of Library. Evolution Media Capital served as sole financial adviser to Library.

Legendary has backed the “Dark Knight” and “Jurassic World” series, “Interstellar” and the upcoming movies “Godzilla vs. Kong” and “Dune.”

More Film

  • Hillary Clinton - Sundance

    Hillary Clinton Gets Candid About Feminism, Beyonce and 'Little Women' (EXCLUSIVE)

    One of the breakout projects at this year’s Sundance Film Festival is “Hillary,” a four-hour docu-series about Hillary Clinton. The former first lady, Secretary of State and first woman presidential nominee from a major political party sat down for 35 hours of interviews with director Nanette Burstein, who also poured through exclusive footage from the [...]

  • Steven Garza appears in Boys State

    Apple and A24 Partner to Buy Documentary 'Boys State' Out of Sundance

    Apple and A24 have partnered to buy the Sundance documentary “Boys State,” Variety has confirmed. The sale, for $10 million, represents one of the biggest pacts ever for a non-fiction film. “Boys State,” a political coming-of-age story, follows annual rite of passage in which a thousand teenage boys from across Texas come together to build [...]

  • Sandy Powell Costume Design The Irishman

    Mayes C. Rubeo, Sandy Powell Lead Below-the-Line Surge in Women Oscar Noms

    The Academy of Motion Picture Arts & Sciences was quick to point out on Jan. 13 as the Oscar nominations were announced, that “A record 62 women were nominated, almost one-third of this year’s nominees.” Twenty of those below-the-line nominations were for women and minorities, including Sandy Powell, who secured her 15th nomination for “The [...]

  • Saoirse Ronan Awards Season Fashion

    Saoirse Ronan's Stylist Elizabeth Saltzman Creates 'Strong, Feminine Woman'

    Elizabeth Saltzman wanted Saoirse Ronan’s “Little Women” press tour looks to reflect her character: “A strong, feminine woman with a little masculinity mixed in.” In designing a Golden Globes dress, Saltzman spoke about Ronan with the Celine team. “We talked about Saoirse being effortless, sensual and cool — and not trying too hard,” she says. [...]

  • 1917 Movie

    George MacKay Talks '1917' and Filming in the Trenches

    George MacKay delivers a star-making performance in “1917.” After making his film debut at age 10 in the 2003 live-action “Peter Pan,” he played occasional film and TV roles and realized at age 19 “acting is what I wanted to do.” Since then, he’s appeared in an earlier WWI saga, “Private Peaceful,” and played Viggo [...]

  • Palm Springs Sundance

    Neon, Hulu Chasing Worldwide Rights Deal on Andy Samberg's 'Palm Springs'

    Tom Quinn’s Neon and streamer Hulu are looking to partner on a multi-million dollar, worldwide rights deal for Andy Samberg’s Sundance comedy “Palm Springs,” sources told Variety. Neon would take the film out theatrically while Hulu would retain rights for streaming customers around the world, said the insiders familiar with talks. One report valued the [...]

More From Our Brands

Access exclusive content