Legendary will be working on a new deal with Sony
Legendary Entertainment, the home of hit films like the King Kong and the Godzilla-led MonsterVerse has cut ties with Warner Bros. and has moved to make a new deal with Sony Pictures. Legendary has been behind some of the biggest hits that have been part of WB, such as all the Christopher Nolan films and the recent Dune and its upcoming sequel. Godzilla vs. Kong was one of the biggest pandemic hits and immediately warranted a sequel. In between all the sci-fi flicks, they also produced the recent Netflix hit, Enola Holmes.
Legendary’s Move to Sony
Legendary has now taken Godzilla and all its beloved characters to Sony, marking an end to their long-lasting contract with WB. While a few films like Dune: Part Two will be released around the world by WB, every other movie that will be released henceforth is going to be marketed by Sony. Legendary Pictures CEO Joshua Grode spoke about their change. He said that Sony’s commitment to theatrical releases aligned with their vision on how to get the best value out of Legendary’s movies. Mary Parent, the studio executive, had collected all these movies for the full theatrical experience, and they are now excited to see the next phase of both Sony and Legendary’s growth. Grode also thanked WB for their years of work and said they will be looking forward to working with Warner Bros. Discovery.
Reason For the Move
WB and Legendary have been involved in a public conflict since 2020, after WB declared their plan of releasing all the 2021 movies simultaneously on HBO Max. It is likely that Legendary is worried that their big-budget films will not be able to get huge profits. But Dune and Godzilla vs. Kong managed to earn twice its budget despite the pandemic. Dune earned $401 million against a budget of $165 million while Godzilla vs. Kong earned $468 million to an estimated $200 million budget.