Latest News

Legendary raises $443 million

By Rachel Abrams

Legendary has raised $443 million in equity through investment firm Waddell and Reed

Financial, bringing Legendary's total capital raise in 2012 to $720 million.

Coin will go toward growth and working capital "across its filmed entertainment and publishing divisions," according to a statement issued Tuesday announcing the deal.

Legendary will also put the money toward digital, merchandising and its television ventures.

Upcoming Legendary pics include "The Hangover Part III," "Man of Steel" and "Jack the Giant Slayer."

Legendary, which has a distribution pact with Warner Bros., is a well-capitalized production company that has been focusing more of its attention inward on a slate of fanboy tentpoles it develops in-house (Daily Variety, Oct. 30). In April, the company raised $275 million in debt and equity, while the company secured $700 million in new financing last year.

« 'Bully' to receive Stanley Kramer Award | Main


Share
Print Variety
Bookmark
Get Variety:
Variety
AppsVariety
DigitalNewsletters
Subscribe