EXCLUSIVE: I’m hearing that Bill Fay is leaving Legendary Pictures where he worked in physical production as president. Sources say its been in the works for a while as boss Thomas Tull and his chief creative officer Jon Jashni are ready to start production on several films in 2011 and thought the timing was right. Fay plans to move on to producing and may work with the company on its U.S.-China Legendary East projects.

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