Legendary Sets $800 Million Credit Facility With J.P. Morgan
thewrap.comtried to sell the latter MonsterVerse sequel to Netflix for $200-$225 million before their co-financier Warner Bros. blocked the deal, eventually bought their share and released it globally.
Elsewhere, Legendary’s Millie Bobby Brown-starring “Enola Holmes” was intended as a theatrical release prior to the COVID pandemic, instead becoming a sequel-spawning Netflix smash in the summer of 2020.Coming up, the studio has “Dune Part II” on tap for Warner Bros.
later this year as well as new installments in their MonsterVerse franchise and the “Detective Pikachu” series. Both franchises had their respective films released theatrically in most markets by Warner Bros. “The Machine” is also due theatrically on May 23 from Screen Gems, while they just bought the adaptation rights to the “Street Fighter” video game with a new feature film in the very earliest stages of development.Legendary, in terms of film production, worked with Warner Bros.
from 2005 to 2013, where they co-financed the likes of “300,” “The Dark Knight,” “The Hangover” and “Pacific Rim.” They joined up with Universal from 2013 until 2018, but the deal ended partially due to China-targeted financial whiffs like “Warcraft,” “Skyscraper” and “The Great Wall.”Meanwhile, they were outright purchased by Wanda Group for $3.5 billion in 2016, becoming the largest American company owned by a Chinese entity.
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