News Article:
Legendary in Talks to Reunite with Warner Bros.
Current News - Past News

Date: 8/17/2018
Author: Chris Mirjahangir & Joshua Sudomerski
Source: https://variety.com

Late last month, The Hollywood Reporter broke the news that Legendary was moving their upcoming live-action Pokémon movie, Detective Pikachu, from Universal back to Warner Bros. With the partnership between Universal and Legendary expiring December 31st, some sources claimed this move was only the beginning of what would become a renewed deal between Legendary and their former home.

Legendary in Talks to Reunite with Warner Bros.Earlier in the week, Variety confirmed that while no deal has been signed as of yet, there are "exclusive negotiations" underway between Legendary and Warner Bros., and that an agreement could happen any day. As stated in the report: "Legendary was previously motivated to leave Warner Bros. in part because of bad blood between [Legendary founder Thomas] Tull and former [Warner Bros.] studio chief Jeff Robinov. But both companies have new leadership — Toby Emmerich has taken the reins at Warners and Josh Grode, a former entertainment lawyer, has been in charge at Legendary since early this year. The two men have been hammering out a new deal in recent weeks. The company’s decision to move “Detective Pikachu,” its Pokemon adaptation, to Warner Bros. from Universal was widely reported to be a signal it was eyeing the exit door. Legendary no longer has any movies set up at Universal."

Previously, Legendary and Warner Bros. shared a "slate financing partnership" before they parted ways in 2013. Now, the two are said to be negotiating a "straight output" deal, where Legendary's films will be released by the studio at a fee. This is likely being done as part of a "strategic shift" in Legendary due to a number of the company's produced films being more misses than hits at the box office and Thomas Tull's departure in 2017.

Just prior to these reports, both former partners participated together in releasing footage for 2019's Godzilla: King of the Monsters at San Diego Comic-Con 2018.