California-based film production and mass media company Legendary Entertainment has finally decided to move on from Warner Bros. It has also been working on several other outlets with different studios. The company entered a deal with Warner Bros. in 2005 for the worldwide distribution of its projects. It produced hits like Dune and Godzilla vs. Kong with Warner Bros. However, the production company has been looking ahead to cut its ties with Warner Bros Discovery for a while.
The company has been looking forward to a new partnership with other studios and has now entered a partnership with Sony Pictures. However, some selected existing titles would continue to production under Warner Bros.
Legendary Entertainment Enters a New Deal With Sony Pictures
Legendary Entertainment has found major success with its films over the last few years. Dune and Godzilla vs. Kong managed to have quite the success at the box office despite being released during Covid-19. It also produced the Netflix original film series, Enola Holmes.
The production company has proved that it has the potential to put out its best. And now it has decided to take its potential to Sony Pictures. Legendary Entertainment has entered a multi-year film distribution partnership with Sony Pictures. Legendary Entertainment CEO Joshua Grode said that the company is grateful to Warner Bros. Pictures.
“Sony’s commitment to theatrical distribution aligns with our vision of how to best derive the most value for Legendary’s movies. The incredible slate of movies that Mary Parent has amassed are built for the theatrical experience, and we are excited about our partnership with Sony for this next phase of Legendary’s growth.”
Under the agreement, Sony Pictures will market, co-finance and distribute Legendary’s upcoming projects. However, some selected existing projects will still be managed under Warner Bros. It also includes the sequel to the 2021 Dune, which is currently under production and is set to release on 3 November 2023.
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The Conflict Between Legendary Entertainment And Warner Bros.
Legendary Entertainment has been looking forward cut its ties with Warner Brothers, particularly after David Zaslav took over as the new CEO of Warner Bros. Discovery. The conflict between the two companies started after Warner Bros decided to introduce the multi-release plan. Legendary claimed that the studio did not give advance notice about Dune and Godzilla vs. Kong’s distribution.
The production company was not sure if releasing the films on streaming services and in theaters at the same time would be profitable or not. However, Dune and Godzilla vs. Kong both managed to score well at the box office. Dune earned $401 million worldwide and Godzilla vs. Kong garnered $468 million.
Despite being released during the pandemic, both films did quite good business for Legendary. However, there was still a possibility that both of these films could have earned much more at the box office if they were not been released on HBO max with their theatrical release.
For now, Legendary Entertainment will continue to work with Warner Bros for the distribution of the sequel to the 2021 film, Dune: Part Two. It is also reported that the untitled sequel to Godzilla vs. Kong would also be distributed by Warner Bros, which is expected to release in 2024.
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Source: Twitter
