Legendary Entertainment, the studio behind “Dune,” is selling a stake of $760 million equity stake to the investment company Apollo, the companies announced on Monday.
The minority investment comes as Legendary concluded its most profitable year to-date in 2021 on the backs of “Dune” and “Godzilla vs.
Kong.” The deal will allow Legendary to regain operational and creative control from the China-based company Dailan Wanda.“Legendary is known for its world-class content and franchise features and has strong relationships with top studios and streaming platforms alike.
In making this fund investment, we were excited by the velocity in their television and film business, the strong management team and the massive secular tailwinds driving the industry.
Read more on thewrap.com
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