Legendary Entertainment has found a new home at Sony Pictures.
Under the deal, Legendary’s movies will now be distributed and marketed globally by Sony, excluding China where Legendary East will handle those duties.
Sony will also handle home entertainment and TV distribution for those films. The deal does not include the existing “Dune” and Monsterverse (Godzilla/Kong) franchises which will continue to be released by Warner Bros. Pictures.
The deal does not cover streaming services, and Legendary will continue to partner with other companies on streaming efforts – such as their “Enola Holmes” films for Netflix.
Legendary CEO Joshua Grode says in a pointed statement: “Sony’s commitment to theatrical distribution aligns with our vision of how to best derive the most value for Legendary’s movies.” Legendary’s relationship with Warners turned sour over last year’s HBO Max day-and-date approach.
At this point, there is no formal deal for Sony to co-finance Legendary films, though that is a possibility.
Source: THR
