Virus or streaming? Why movies like ‘Space Jam’ are falling fast at the box officeĮverything is frontloaded now, as studios make streaming-era tradeoffs. Television shows such as “Carnival Row” on Amazon Prime Video have also fueled growth. Kong” by Warner Bros., which has grossed $467 million worldwide and drove signups for HBO Max, where it debuted at the same time as in theaters. Recent successes include selling “Enola Holmes,” starring Millie Bobby Brown, to Netflix and the release of “Godzilla vs. It weathered ups and downs with successful releases like “Pacific Rim” and “300" and flops such as “The Great Wall” and “Warcraft,” which were targeted at audiences in China. “With the increasing competition among the streamers to increase mindshare among consumers, I think we’re in a terrific position.”įounded in 2004 by billionaire investor Thomas Tull and armed with private equity money, Legendary gained a foothold in the industry by investing in films such as “Batman Begins” and the “Hangover” films. “We feel the wind is at our backs,” he said. With demand for content surging, Legendary is in a strong position to compete on its own by supplying movies and TV shows to streaming services fighting for global dominance, Grode said. He had previously worked on financing deals for Marvel and indie studio A24, as well as the formation, financing and eventual sale of Summit Entertainment to Lionsgate.
Grode advised Wanda on its 2016 purchase of Legendary for $3.5 billion.
My job running the company is to maximize value for my shareholder, which is Wanda, and that’s what I will always look to do.” “We always listen to what people have to say. “We get multiple inbound calls on a weekly basis, both from the actual parties and from bankers,” Grode said. Legendary Chief Executive Josh Grode wouldn’t comment on specific talks. The production company behind ‘Big Little Lies’ will be majority owned by a new media company backed by ex-Disney executives Kevin Mayer and Tom Staggs and private equity giant Blackstone. Reese Witherspoon’s Hello Sunshine sells in $900-million deal
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