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Just last month Legendary secured a $1 billion loan from a collection of banks led by J.P. In December last year, Legendary tapped veteran Hollywood lawyer Joshua Grode to take the reins as CEO, and Grode has been quick to bolster the company. It’s being released under the studio’s Focus Features banner.Īlso Read: 'Gundam' Film: Legendary Pictures to Make Live-Action Anime Adaptation

Legendary has a stake in Spike Lee’s “BlacKkKlansman,” which would mark the company’s final film with Universal. The film has garnered $49 million to date domestically and $184 million worldwide.

And with a $120 million budget before marketing costs, faces an uphill battle toward profitability for the studio. The most recent release from Legendary and Universal was Dwayne Johnson’s “Skyscraper.” The film opened to just $25 million domestic and $65 million worldwide from 57 countries. is a sign that Legendary, owned by China’s Wanda Group, will set up shop at the studio once its deal with Universal ends.Īlso Read: 'IT Chapter Two': Warner Bros Gives First Sneak Peek of Adult Cast The belief is that the move to Warner Bros. “Detective Pikachu” was expected to hit theaters May 10, 2019, though that could now change. The film is being produced by Legendary Entertainment, which has currently has a distribution deal with Universal that ends at the end of the year. Ryan Reynolds’ live action “Detective Pikachu” film has jumped ship at Universal and settled at Warner Bros.