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Legendary Entertainment Buys Out Wanda’s Remaining Ownership Stake In New Era For Studio
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, created in 2000, develops, produces, markets, and finances major motion pictures and television projects across multiple platforms and works in comic book, videogames, licensing and merchandising. With our outstanding creative team, headed by Mary Parent, developing, producing, and marketing high-quality film and television and working with leading artists remains core to our expansion,” said Grode.
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