Brining Two of Hollywood's Biggest Production Companies Together
Universal Pictures And Legendary Entertainment Announce Multi-Year Film Partnership
Universal Pictures and Legendary Entertainment will enter into a multi-year film partnership in which the two companies will produce and co-finance Legendary and Universal films with Universal distributingLegendary films worldwide. Making Universal its new home enables Legendary to not only leverage the power and success of Universal's film business and theme parks, but also the cross promotional support from NBCUniversal and Comcast assets through the company's "Symphony" program.
"Comcast and NBCUniversal's global assets in film, television and theme parks offer Legendaryunmatched breadth and opportunity to grow our business. We are delighted to be in business with this exceptional team and look forward to a successful partnership," said Thomas Tull, Chairman and CEO ofLegendary Entertainment.
Universal and Legendary's film partnership is a complementary arrangement for both companies.Legendary, which is known for producing and financing successful large scale films, will continue to create and finance tent pole films based on intellectual property that is uniquely appealing to the coveted fanboy audience. And Universal, which has a proven track record of turning films of all shapes and sizes into hits with special skills in growing and nourishing original franchises, will market, co-finance and distribute Legendary films for five years beginning in 2014.
"Legendary has demonstrated a keen ability to identify and acquire powerful fresh intellectual property based ideas, match them with strong filmmakers and turn them into blockbuster hits," said Fogelson andLangley. "The Universal team is thrilled to have the opportunity to partner with Legendary in turning those ideas into the best and most successful versions of themselves around the world".
Under the terms of the deal Universal and Legendary will jointly identify opportunities to expandLegendary's franchises and intellectual property into Universal's theme parks, and Universal will have an opportunity to collaborate with Legendary on projects in China following Legendary's historic deal withChina Film Group.
"Legendary continues to prove that big ideas are relevant and profitable with our global movie-going audience. We couldn't be more thrilled to embrace the challenges and changing marketplace withThomas and his team and we are also excited about what opportunities this will bring to our Theme Parks around the world," said Ron Meyer, President and COO, Universal Studios.
Universal Pictures films are released in Egypt by Four Star Films Egypt, the distributor of Universal Pictures and Paramount Pictures.