Jeff Bewkes just now blew off reports of friction between Warner Bros and Legendary Pictures, which finances some of the studio’s most important films including the upcoming Man Of Steel, Hangover 3, and Pacific Rim. But he obviously doesn’t know if Legendary’s Thomas Tull will sign up again this August or not. ”There’s problem-solving going on,” the Time Warner CEO told analysts in a conference call, adding that they’ve “got a great relationship” and no “contentiousness”. Warner’s partnership with Legendary runs to the end of this year and they “will have discussions about extension… We have very high regard for Legendary, so don’t worry about that on our account or theirs.”
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There better not be friction between Warner Bros. and Legendary, because that would be like the Giant at the top of the beanstalk sitting on the Golden Goose.
Can someone here clear the air on how Legendary works? I thought they were some kind of investment fund with a lot of capital. And that WB shows them their slate of proposed projects and Legendary agrees to co-finance the ones they like, right? In many cases it seems like they put their money behind good projects (Batman Begins, Hangover, etc.) many of which became franchises. Now these guys think they’ve learned enough to start developing their own projects, is that right? What’s the track record on firms that go this route?
Cuppa Joe, i think you are more thinking of Village Roadshow, also on the WB lot, which basically just puts money into WB movies. Legendary has been trying to be creatively involved since they started, though they did cherry pick a lot from warner brothers the first few years. But the last few years they develop their own stuff – for instance Pacific Rim and 42 are both movies that they developed all on their own and WB is just distributing.