Legendary Entertainment, Sony Form Deal After Parting With Warner Bros

Legendary entertainmentThe production company behind “Dune” and “Godzilla vs. Kong” has severed ties with Warner Bros., forming a multi-year global distribution partnership. Sony Fig.

Under the new deal, Sony will market and distribute Legendary’s upcoming theatrical film titles. However, some of Legendary’s existing projects were released from the deal, so Warner Bros. Pictures is still supporting “Dune: Part Two”. The sequel to the 2021 sci-fi film Dune is currently in production and is slated for release on November 3, 2023.

Sony Pictures and Legendary said in a press release that the companies are “aligned with other ‘lower’ window levers and their commitment to theatrical distribution of the film’s long-term value.”

The feel may be a not-so-subtle nod to Legendary A public dispute with Warner Bros. At the end of 2020. At the time, the production company threatened legal action against Warners.’ All 2021 movies, including Legend-backed Godzilla vs. Kong and Dune, have decided to air the same day they premiere on HBO Max. However, the two companies have (for now) vented their frustrations and found a mutually satisfactory agreement. Moreover, Godzilla vs. Kong grossed $470 million worldwide, while Dune grossed $401 million worldwide, making it a box office hit during the pandemic despite its day-in and day-out.

“This is a rare opportunity to work with true professionals who fully align with our commitment to theater and our vision for this business,” said Josh Greenstein and Sanford Panitch, presidents of Sony Pictures Motion Picture Group. “The creativity and power of Legendary is immense, and we look forward to bringing their work to theaters around the world.”

As part of the deal, Legendary East will handle all marketing and distribution activities in China. Sony Pictures will also handle home entertainment and TV distribution of its titles. Legendary retains production and distribution options for feature film content for a wide range of streaming platforms today and in future incarnations. In the past, Legendary has worked on various projects with Netflix, Universal, and Sony. Legendary went on another big break before reuniting in 2018 In 2014, Warner Broswhen the production company signed a five-year deal with Universal.

“We’re excited to build on this relationship with Tony, Tom, Sanford, Josh and the rest of the Sony team as we continue to expand our content offering,” said Legendary CEO Joshua Grode. ‚ÄúSony’s commitment to theatrical distribution aligns with our vision of how to get the most value out of Legendary. Mary’s Father’s collection of great films has been created for the theatrical experience, and we’re excited to partner with Sony on the next phase of Legendary’s growth.”

“Legends are legends, and we’re thrilled and excited to add Josh and Mary to our commitment to big films for the big screen,” said Tom Rothman, chairman and CEO of Sony Pictures Motion Picture Group.

Grode continued, “We are grateful to Warner Bros. Pictures for being a valued partner to Legendary for many years, and we look forward to working with the talented executives at Warner/Discovery.”

Legendary’s recent credits also include Pokemon: Detective Pikachu and the thrillers Enola Holmes and Enola Holmes 2 directed by Millie Bobby Brown.

Source link

Leave a Comment