The Chinese company Wanda acquires Legendary Pictures

[Ryguy]

3 years of worrying? Nah

I admit that I was spooked a little bit by the recent news, but then I came to terms with the fact that nothing is indicating anything negative. I will continue to have uncertainty anxiety for the period in which our director is unknown, but after that it is all anticipation

If you want something to sweat over, let it be Pacific Rim 2. That movie has been on the border of a complete shutdown for years now. And there isn't even a release date as we have with Godzilla 2 or Godzilla vs King Kong

[Cookson]

Something everyone needs to keep in mind is Legendary is basically a Chinese movie company that has its productions in Hollywood now. This means pretty much all of the money earned in China goes to Wanda/Legendary which was not the case with G14(obviously some will go to Warner Brothers). That's a HUGE plus for Legendary produced films. I guarantee you Legendary films will be stay in China theaters longer than they should since Wanda owns pretty much all the theater chains in China.. so Wanda will want to get the most $ out of his own films as he can.

This is probably why Pacific Rim rose from the dead.

[Ryguy]

The plot thickens....

http://m.imdb.com/board/bd0000092/threa ... #257823141

So now Legendary is apparently in a terrible place regardless. Anybody have a firmer understanding on the subject? Because I am clueless

[Showa Gyaos]

The plot thickens....

http://m.imdb.com/board/bd0000092/threa ... #257823141

So now Legendary is apparently in a terrible place regardless. Anybody have a firmer understanding on the subject? Because I am clueless

These guys are making a lot of baseless claims. They aren't "hopeless" until a major news outlet brings up concerns about their slate of upcoming releases.

And just to make a point that they aren't riding on Kong: Skull Island to be a hit, they just won a bidding war for a movie that will star Dwayne Johnson.

http://variety.com/2016/film/news/legen ... 201784093/

This doom and gloom shit gets old. I think there is a bigger threat of them going into bankruptcy (if they keep funding flops) before they end up not producing more films.

[Ryguy]

But I do think we can all agree that going bankrupt could definitely cut the ropes holding the KCU up from falling into the pits of oblivion. What that guy said about Legendary currently being in debt at IMDB frightened me just a tad: though Legendary is now being supported by a multi-billion/dollar corporation, they still might be in trouble financially. And furthermore, apparently Wanda is manipulative or some shit(?).

In the event that Godzilla 2 gets rear-ended, I would believe that it was Rogue One that fucked us all over: had Gareth been absent from the director's chair for that film, he could have began production on Godzilla 2 pronto and we would've not needed to concern ourselves about such useless events like his departure.

But everybody is shitting their pants about a scenario that is only hypothetical at this point (a cancellation of Godzilla 2).

[TheSecondComing]

Everybody's shitting their pants over numerous hypothetical situations. Fixed.

Look, operating at a loss doesn't mean the company is going under. Let's go over some hard facts, because remember, Wanda paid Legendary 3.5 billion to buy them out.
Tull and company were so pleased with the first Godzilla that we went from one and done to BOOM two more sequels announced two days after the movie came out.
It was an executive decision to wait for Gareth's schedule to clear up again after Rogue One that kept them from beginning Godzilla 2 even sooner. Also, that doesn't mean zero work has been done for Godzilla 2, since we know stories are being drafted as we speak.

[Cookson]

If anything LP is being watched on what they green light. The Godzilla/Kong universe isn't the problem.

[miguelnuva]

Worst case scenario here is Wanda makes Legendary only make Godzilla movies going forward.

[g2vd]

One case scenario here is Wanda makes Legendary only make Godzilla movies going forward.

No. Not in any parallel universe would that ever be a scenario.

[miguelnuva]

Worst case scenario here is Wanda makes Legendary only make Godzilla movies going forward.

No. Not in any parallel universe would that ever be a scenario.

As far as I know with the split from WB the only successful franchise they have is Godzilla. Everything else is flopping so at some point Wanda would tell Legendary to slow down and focus on what is making money.

[KingKaiju]

So I came here, freaking out, because I saw one of the Godzilla facebook pages post that Godzilla 2 was cancelled. It was a prank. However, now reading about Wanda's financial situation has me a bit nervous.

[Ryguy]

^Wanda is doing just fine

[KingKaiju]

In that case, my confidence is restored.

[Ryguy]

It was an executive decision to wait for Gareth's schedule to clear up again after Rogue One that kept them from beginning Godzilla 2 even sooner. Also, that doesn't mean zero work has been done for Godzilla 2, since we know stories are being drafted as we speak.

This is all true.

I wonder if there have been any recent news updates on the status of the script.

If anything LP is being watched on what they green light. The Godzilla/Kong universe isn't the problem.

I do wonder exactly what Wanda thinks about Godzilla and Kong specifically. That could unveil a lot of information capable of putting to rest a lot of this worry that many fans are manifesting

[g2vd]

Worst case scenario here is Wanda makes Legendary only make Godzilla movies going forward.

No. Not in any parallel universe would that ever be a scenario.

As far as I know with the split from WB the only successful franchise they have is Godzilla. Everything else is flopping so at some point Wanda would tell Legendary to slow down and focus on what is making money.

But that would be financial sucide. Legendary isn't like Marvel or lucasfilm, Legendary is a big film production company and Wanda bought them so they could get into the market. they are not going to make Legendary focus completely on Godzilla, because that means they could do probably only 2 films per year that is financial sucide because than you have nothing else so if the film underperfoms you have nothing else to fall back on.

[Cookson]

LP will be fine. They won bidding wars recently, one of them being Pokemon I believe. They need to focus on money making franchises, like Godzilla.

[Underworld54]

Legendary doesn't have much in the way of films coming up, I'm sure Wanda is in the process of readjusting Tull's business strategy of green lighting passion projects.

[Cookson]

Legendary doesn't have much in the way of films coming up, I'm sure Wanda is in the process of readjusting Tull's business strategy of green lighting passion projects.

Knowing you, you probably think that's the Godzilla/Kong universe. That's not the problem.

[Ryguy]

So Wanda is a Chinese company, and guess what film did very well in China... That's right, you nailed it!

Godzilla and King Kong are arguably LP's most profitable pieces of property at the moment: if Wanda wants to begin placing regulations on Tull's green-lighting, under no circumstances would it make sense to do anything that doesn't benefit Godzilla or Kong

[Underworld54]

So Wanda is a Chinese company, and guess what film did very well in China... That's right, you nailed it!

Godzilla and King Kong are arguably LP's most profitable pieces of property at the moment: if Wanda wants to begin placing regulations on Tull's green-lighting, under no circumstances would it make sense to do anything that doesn't benefit Godzilla or Kong

Godzilla didn't do that we'll in China, it made $77M which yielded less than $25M for the studio.

How can you claim King Kong is a profitable property when the studio hasn't even seen how one of their KK films have performed?