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Author Topic:   Legendary Pictures
DavidChang
Director

Posts: 882
From:Toluca Lake, California
Registered: Apr 2000

posted September 04, 2013 01:46 PM     Click Here to See the Profile for DavidChang   Click Here to Email DavidChang     Edit/Delete Message   Reply w/Quote
‘Dracula’ Eyed as Legendary’s First Film with Universal Pictures
The producer of monster movies like “Godzilla” and “Pacific Rim” is wasting no time in choosing which films he wants to make at Universal Pictures, with “Dracula” poised to become the first high-profile project his Legendary Entertainment will co-finance with the studio. The film, directed by Gary Shore and starring Luke Evans (pictured above) and Dominic Cooper, is already in production and slated for release Aug. 8, 2014. Legendary is in discussions with U executives about coming aboard the project. Spokespeople for Legendary and Universal declined to comment. Legendary is combing over Universal’s slate for a number projects it will help fund under its new five-year co-financing and distribution pact with the studio. Tull and his team will also consider co-funding the fourth installment of Universal’s planned reboot of the “Jurassic Park” franchise, which like “Dracula” is an offering that would fit well with his fanboy interests and his company’s DNA. “Jurassic Park 4″ — which is expected to begin production next year — is the first of several new big budget tentpoles that Universal is giving the greenlight, including the seventh “Fast and the Furious” installment. The racing franchise, however, as well as animated movies from Chris Meledandri’s Illumination Entertainment, are excluded from Legendary’s deal with Universal, according to several individuals familiar with the arrangement. According to several people with knowledge of the agreement that the parties inked this summer, Legendary is committed to invest, on average, $275 million annually in U’s films and its own properties within the first two years of the deal. For the remaining three years, Legendary will invest $350 million a year, these people said, declining to speak on the record because the financial terms are confidential. For its part, U is committed to invest at least $175 million in a specified handful of Legendary’s films. Variety: http://variety.com/2013/film/news/dracula-legendary-universal-pictures-1200589201/

IP: 168.161.192.15

jpgordo
A-List Writer

Posts: 2957
From:Studio City, CA
Registered: Apr 2000

posted November 23, 2013 03:56 PM     Click Here to See the Profile for jpgordo   Click Here to Email jpgordo     Edit/Delete Message   Reply w/Quote
I'm not sure if this will work out. I see a cash crunch after a few movies don't work.

IP: 71.84.46.252

HollywoodProducer
A-List Writer

Posts: 2815
From:La Canada
Registered: Jun 2000

posted December 18, 2013 05:00 PM     Click Here to See the Profile for HollywoodProducer   Click Here to Email HollywoodProducer     Edit/Delete Message   Reply w/Quote
Deadline: Legendary Acquires Asylum Entertainment For More Than $100 Million

While no side is discussing financials, I’ve learned more about the size of the deal, in which Legendary Entertainment acquired Asylum. I hear that Legendary ended up paying about eight times what Asylum is projected to make in terms of profits in 2014, which comes to a price tag just north of $100 million. Asylum is set to clear $12-$13 million next year, about three times what the company made in profits this year, as its balance sheet will be bolstered by the one-year output deal Asylum recently inked with ReelzChannel to deliver 50 hours of unscripted programming for the network in 2014, distributed over 10 series. While 8x multiple is within the range for a high-end deal, I hear Asylum’s decision to go with Legendary vs. the other suitors bidding for it came down to the plans Legendary had for the company’s future. In anticipation of the sale, Asylum has been aggressively staffing up in the last couple of months

IP: 168.161.192.15

indiedan
A-List Writer

Posts: 8485
From:Santa Monica
Registered: May 2000

posted November 17, 2014 01:50 PM     Click Here to See the Profile for indiedan   Click Here to Email indiedan     Edit/Delete Message   Reply w/Quote
Google, Legendary and Others Invest $542M in Magic Leap

Magic Leap, which has been working on a secretive visual technology that some say could revolutionize the entertainment industry, is set to announce Tuesday a $542 million investment led by Google and including separate stakes taken by Legendary Entertainment and its CEO, Thomas Tull. Magic Leap has been showing filmmakers, rock bands, game developers and others its technology, always under a nondisclosure agreement, though insiders speculate a consumer product could still be a couple of years away. Magic Leap, based in Dania Beach, Florida, was founded by CEO Rony Abovitz, who raised $50 million for the firm in February. The new round to be announced Tuesday includes not only Google, Legendary and Tull, but also KKR, Vulcan, Kleiner Perkins Caufield & Byers, Andreessen Horowitz and Obvious Ventures. In 2004, Abovitz co-founded a surgical robotics company that nine years later sold for $1.65 billion. Sundar Pichai, senior vp of Android, Chrome and apps at Google, will join Magic Leap’s board of directors. Tull said he may join, as well, and Magic Leap expects to announce an advisory group in the coming months that includes several people from the entertainment industry, although its products could be used in other areas, such as medicine and education. While terms of the investments weren’t disclosed, people close to the negotiations say the funding round values the entire firm at roughly $1.2 billion. Magic Leap is usually described as a virtual or augmented reality company, much like Oculus Rift, another firm in which Tull is invested.

IP: 168.161.192.15

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