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  • Type : Private
  • Activity : Motion picture
  • Starting date : 2005
  • Cessation place : Burbank

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Legendary Pictures (2005)

Legendary Entertainment

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  Summary  

Legendary Pictures is an American film production company, whose parent company, Legendary Entertainment, is based in Burbank, California and was founded by Thomas Tull in 2004. In 2005 the company concluded a 40-picture agreement to co-produce and co-finance with Warner Bros.

  Biography  

Thomas Tull founded Legendary Entertainment after raising $500 million from private equity firms. It was one of the first companies of its kind to pair major motion picture production with major Wall Street private equity and hedge fund investors, including ABRY Partners, AIG Direct Investments, Bank of America Capital Investors, Columbia Capital, Falcon Investment Advisors, and M/C Venture Partners. In 2005 the company signed a seven-year agreement with Warner Bros. to co-produce and co-finance 40 films over seven years. In 2010 Tull and two other investors, Fidelity Investments and Fortress Investment Group, bought all the shares of the original investors. Following the transaction, Tull became the largest shareholder, thus enabling him to more easily direct the company's operations. By 2011 the company was reported to have been valued at more than $1 billion. In September 2011, Chief Creative Officer Jon Jashni was appointed to the new position of President.

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Whole or part of the information contained in this card come from the Wikipedia article "Legendary Pictures", licensed under CC-BY-SA full list of contributors here.