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   Who owns legendary studios?

   • Legendary and Apollo now co-own the company and the board will be evenly split between management and the private equity giant that invested $760 million in Legendary in 2022. Chinese conglomerate Wanda acquired the studio in 2016.

   Legendary Entertainment Buys Out Wanda’s Remaining Ownership Stak…

   deadline.com/2024/10/legendary-entertainment-buys-out-wanda-remaining-stake-1236115120/

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   How did Legendary Entertainment buy out Wanda Group?

   • Legendary Entertainment has completed a buyout of Wanda Group’s remaining equity interest in a move CEO Josh Grode said ushers in a new era for the studio. Financial terms weren’t disclosed but Legendary said it funded the transaction entirely from cash on its balance sheet for the deal led by Grode, without tapping partner Apollo Global.

   Legendary Entertainment Buys Out Wanda’s Remaining Ownership Stak…

   deadline.com/2024/10/legendary-entertainment-buys-out-wanda-remaining-stake-1236115120/

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   Who owns Legendary & Dalian Wanda?

   • Dalian Wanda Group, a Chinese conglomerate, bought the entertainment company in 2016 for $3.5 billion. Apollo later bought a stake in Legendary in 2022 for $760 million. Talks to buy out Wanda started roughly six months ago.

   ‘Dune’ Producer Legendary Entertainment Buys Out Dalian Wanda’s Stake

   variety.com/2024/film/asia/dune-godzilla-legendary-entertainment-buys-out-dalian-wanda-china-1236176834/

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   Does legendary rely on outside financing?

   • Legendary said it did not rely on outside financing for the transaction. Dalian Wanda Group, a Chinese conglomerate, bought the entertainment company in 2016 for $3.5 billion. Apollo later bought a stake in Legendary in 2022 for $760 million.

   ‘Dune’ Producer Legendary Entertainment Buys Out Dalian Wanda’s Stake

   variety.com/2024/film/asia/dune-godzilla-legendary-entertainment-buys-out-dalian-wanda-china-1236176834/

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   Who owns Legendary X Kong?

   • Now that the buyout is complete, Legendary will be solely owned by company management and funds managed by private equity firm Apollo Global Management, which took a minority stake in the “Dune” and “Godzilla x Kong” studio in 2022 with a $760-million investment that helped buy down Wanda’s interest.

   Legendary buys out China’s Wanda ownership stake

   www.latimes.com/entertainment-arts/business/story/2024-10-14/legendary-buys-out-china-wanda-ownership-stake

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   Is legendary a Chinese company?

   • When Wanda acquired Legendary it was then China’s largest cross-border cultural acquisition. During the past several years, the Beijing-based Legendary East has marketed and distributed key Legendary films, including the Dune and Godzilla franchises, and it will continue as Legendary’s office in China.

   Legendary Entertainment Buys Out Wanda’s Remaining Ownership Stak…

   deadline.com/2024/10/legendary-entertainment-buys-out-wanda-remaining-stake-1236115120/

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2. www.hollywoodreporter.com › business › business-newsWanda Sells Legendary Entertainment Ownership Back to Studio

   www.hollywoodreporter.com › business › business-news

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   5 days ago · Legendary Entertainment Buys Out Wanda, With An Eye Toward M&A. The 'Dune' and 'Godzilla' studio had been owned by Wanda since 2016, with Apollo joining as a minority investor in 2022.

3. deadline.com › 2024 › 10Legendary Entertainment Buys Out Wanda’s Remaining Ownership ...

   deadline.com › 2024 › 10

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   5 days ago · Legendary and Apollo now co-own the company and the board will be evenly split between management and the private equity giant that invested $760 million in Legendary in 2022. Chinese...

4. www.bloomberg.com › news › articlesLegendary Entertainment Buys Out Wanda Group Stake - Bloomberg

   www.bloomberg.com › news › articles

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   4 days ago · Legendary Entertainment LLC, the studio behind movies such as Dune and Godzilla vs. Kong, has reached an agreement to purchase Dalian Wanda Group Co. ’s stake in the company, confirming an...

5. variety.com › 2024 › filmDalian Wanda Sells Stake in 'Dune' Producer Legendary ...

   variety.com › 2024 › film

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   4 days ago · Legendary Entertainment, the producer of the “Dune” franchise, has bought out Dalian Wanda Group’s stake in the company. The pact leaves Legendary and Apollo Global Management in control.

6. www.latimes.com › entertainment-arts › businessLegendary buys out China’s Wanda ownership stake

   www.latimes.com › entertainment-arts › business

   5 days ago · Film and TV production company Legendary Entertainment has bought out the remaining 50% stake owned by Chinese conglomerate Wanda Group, signifying a coda to China’s once-lofty hopes of...

7. finance.yahoo.com › news › legendary-entertainmentLegendary Entertainment buys out Dalian Wanda's stake in the ...

   finance.yahoo.com › news › legendary-entertainment

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   4 days ago · (Reuters) -Legendary Entertainment on Monday said it had completed a buyout of Chinese conglomerate Dalian Wanda Group's remaining stake in the movie studio and will be wholly owned by...

8. www.screendaily.com › news › legendary-entertainmentLegendary Entertainment buys out Wanda’s remaining stake

   www.screendaily.com › news › legendary-entertainment

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   4 days ago · Josh Grode. Legendary Entertainment, the company behind the Dune and Godzilla franchises, said it has completed a buyout of Wanda Group’s remaining equity interest. Legendary funded the buyout...