Paramount and Disney are two studios that are not in the mix to make a deal with Legendary as the entertainment company seeks a partner to take it to its next level, according to sources.
Legendary chairman and CEO Thomas Tull, speaking at a company press day, said Legendary expects to find either renew its deal with Warner Bros. or find a new partner by the end of summer.
Tull did not disclose who the company was in talks with – “We have got it down to a handful,” he said – but insiders say Paramount and Disney are not in the mix.
“It’s a methodical process that examines every aspect of the things we are thinking about, including in television, and looking at our slate going forward,” said Tull. "It’s one of those things we want to measure twice and cut once.”
The company has been a partner with Warners since 2005, co-financing and co-producing such as the Christopher Nolan Batman movies, The Hangover franchise and the new Superman relaunch Man of Steel. And Tull admitted that the company would not be where it is today without the Burbank-based studio.
But the company, as it prepares to roll out its July tentpole Pacific Rim, wants to be more involved in the content it makes and have a greater control in shaping its future.
“We have two constituents that I think about," he says. "One is we make great stuff for our fans, and we want to make sure our content is great. And second that we bring value to our shareholders. And in that order. If we can find the right situation to help achieve that vision by the end of the summer, then that’s what we will do.”
- Thomas Tull