It’s official, Legendary Entertainment has found a new home at NBCUniversal.
The production company’s new co-financing and distribution deal with Universal allows Legendary to expand in various areas – especially theme parks and national television channels.
Legendary will officially end its current financing, production and distribution pact with Warner Bros. Pictures at the end of 2013.
The news comes as Warner Bros. Pictures puts the finishing touches on a financing arrangement with Dune Entertainment.
Valued in the $400+ million range, the potential deal will likely happen this summer. A key component of the deal is the involvement of RatPac Entertainment, the new venture of filmmaker Brett Ratner and Australian media mogul James Packer.
Dune had been with Fox for much of the past decade until renewal negotiations broke down. The deal with Warners will cover the studio’s entire movie slate for the next three to four years.