Legendary And Warner Bros. Officially Part Ways

Man of Steel co-financier Legendary Pictures has decided to part ways with longtime partner Warner Bros. studios as WB is reportedly seeking to take a more active role in the development and financing of their DC Comics adaptations.

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By Mark Julian - 6/24/2013

The latest new from Variety tonight is pretty somber for DC Comics fans as Legendary Pictures and Warner Bros. are reportedly set to part ways. Legendary is currently deciding whether to partner with NBC or Fox as it looks to venture into television and develop adaptations of its own comic book properties. It is thought that Legendary will make a decision by the Fourth of July weekend.

The report from Variety also mentions that Warner Bros. is looking to take a more hands on approach with its DC Comics adaptations. Specifically, WB's new goal under newly appointed CEO Kevin Tsujihara will be to produce its superhero films out of its own pocket, with no co-financier and become the sole benefactor of any box office success. An interesting statistic to take away from the article is that Legendary backed 50% of the production costs and therefore shared 50% of the profits on Christopher Nolan's Batman trilogy and the recent Man of Steel. In that regard, it's not difficult to see why WB would make this move as they own one of the biggest comic book publishers in the world which brings with it some of the most iconic superheroes of all time. However, WB's recent venture into superhero theatrics without Legendary, Green Lantern, didn't exactly fare too well, which has more than a few DC Comics fans nervous about letting Legendary slip away. But Tsujihara is apparently not afraid to make waves as the film division of the revered movie studio has recently undergone significant restructuring in the wake of Jeff Robinov's departure/force out. Now comes the news that it is losing a key asset like Legendary which has financed upwards of 75% of the production cost on some of WB's biggest blockbusters.

What this move means for Man of Steel 2 and future DC Comics adaptations at this point is anyone's guess. Without Legendary sharing the cost will WB be willing to take a chance on some lesser known characters and provide the full budget to do those films justice? And how much of the studios' film budget will be allocated to spandex and capes so that fans get more than one DC superhero film per year?

A somewhat alarming revelation from the report is that the Guillermo del Toro "giant mecha vs kaiju" blockbuster, Pacific Rim is currently not tracking very well. In fact, early surveys shows that the general audience is more interested in Grown Ups 2 which opens that same weekend. If the film bombs, Legendary will take the brunt of the blow as the studio actually financed 75% of the production cost for del Toro's giant robot monster flick.

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TonyChu - 6/24/2013, 7:43 PM
That sucks, especially the Grown Ups 2 part.
MrCBM56 - 6/24/2013, 7:45 PM
Boateggs

Just like you as a user. Like seriously, you've had an account for a week and all you have done is say negative things.

Anyways they should partner up with Universal studios.
SnapperCarr - 6/24/2013, 7:46 PM
nooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
MrCBM56 - 6/24/2013, 7:46 PM
Grown ups 2...really?
maryboo - 6/24/2013, 7:49 PM
Is WB getting a more hands on approach on their DC properties a good thing? Why not just give DC its own studio?
ThePresidentGaming - 6/24/2013, 7:49 PM
[frick] This.


SnapperCarr - 6/24/2013, 7:53 PM
@maryboo The last time WB tried to be more hands on with DC we got Green Lantern.

I really wanted Legendary to co-produce all of DC's films.
TheManFromMars - 6/24/2013, 7:55 PM
I've just seen the Hall of Shame and it's EMPTY!!!

It's a sign!

That and this news can only mean one thing:

Transforminator - 6/24/2013, 7:57 PM
I thought DC Entertainment WAS DC's own studio - established by WB. Or am I missing something?

Anyhow, that's unfortunate but its just business. However, Grown Ups 2 tracking better than Pacific Rim.......no words...
SeaSerpentine - 6/24/2013, 8:01 PM
1. That sucks.

2. F*CK ADAM SANDLER!
Knightrider - 6/24/2013, 8:06 PM
I actually see this as a good thing.

Less Chef's in the kitchen, and someone at the top who within a couple of days on the job seems to getting stuff moving.

Green Lantern was a mess, but that was in part down to the Writer's strike.

Transforminator - 6/24/2013, 8:06 PM
On another note, WB going solo for DC films could prove to be a brilliant move as it results in reduced creative control conflicts and other issues which multiple studios would have over a blockbuster property.
ALegendaryPanda - 6/24/2013, 8:07 PM
Well this blows :(

And Grown Ups 2?! REALLY?? [frick] this country.
Knightrider - 6/24/2013, 8:08 PM
As for Pacific Rim...Well it seems to have a very niche market, as does Del Toro in some regards, so the two together may alienate audiences.

That being said: WHY are people still going to Adam Sandler movies, he is laughing all the way to the bank making rubbish, and some people keep buying just so frustrating.
JordanKing - 6/24/2013, 8:18 PM
WB, dothe smart thing and just throw in the towel. You had a good run with TDK trilogy, but the last thing any of us want to see is more DC characters being ruined in the same vein as GL.
MarkJulian - 6/24/2013, 8:26 PM
@Netman0007 As co-financier and producer Legendary makes decisions on who to hire to direct and write and whether to adhere to the director's vision or make decisions based on what tests well. If Legendary has been involved there probably wouldn't have been so many writers on Green Lantern and they probably wouldn't have hired Campbell to direct.
WhiteBolt - 6/24/2013, 8:27 PM
Honestly, Pacific Rim doesn't look that interesting. No one I know seems to be excited to see the movie. I love Del Toro's films, but I may just skip out on PR.
MarkJulian - 6/24/2013, 8:28 PM
@Levitkuz You're going pretty far back. I just hope the new CEO has a plan, maybe create a new studio devoted solely to making superhero films like Disney currently owns.
JordanKing - 6/24/2013, 8:30 PM
And in more recent years, only Green Lantern was made without them. I don't see whats so hard to get here.
MJPETTY7 - 6/24/2013, 8:32 PM
Look, I actually want to see Grown Ups 2 as I enjoyed the first, but I am really excited for Pacific Rim and want to see it more!


Very sad to hear this news...
bfprimetime - 6/24/2013, 8:32 PM
I've been watching Pacific Rim for 20 years,some people call it Power Rangers!
Ocelot - 6/24/2013, 8:38 PM
This better not [frick] up the Godzilla movie.
ninjahulk - 6/24/2013, 8:38 PM
I need 20 shot of drinks i known i didn't click on the right page this really some BullSHIT:-{
AstroZombie - 6/24/2013, 8:39 PM
I'm torn, because if Pacific Rim tanks it could lead Del Toro back to the well to finally make a Hellboy 3. But, Pacific Rim looks great, and I want nothing but success for Del Toro, whose underappreciated and one of the best film-makers working today. Grown Ups 2 looks like re-fried dog shit however, and screw Adam Sandler and his washed up friends.
ThePowerCosmic - 6/24/2013, 8:43 PM
Well, as far as I'm concerned it could be a good thing. I haven't liked much of What DC, WB and Legendary where doing anyway.

I would love to see DC become it's own studio like Marvel, Hire Bruce Timm and Paul Dini to oversee the projects and keep consistency and go crazy making films. I really feel like then we would get REAL Comic Book DC Films...rather than the pretentious director driven route they were taking.
MarkJulian - 6/24/2013, 8:45 PM
WB needed Legendary at the time of their deal because they needed money. Now, not so much. But Tull was a fanboy at heart, their first movies were Batman Begins and Superman Returns. They also provided structure and continuity. They saw talent and an approach that worked in Christopher Nolan and stuck with it. Without Legendary, right now everything is kind of one big questions mark.
Super12 - 6/24/2013, 8:47 PM
I think this will end well for WB. It sounds like they are realizing the potential their DC properties have and though they're losing a financier they are gonna get 100% of the profits. To compare this to Green Lantern isnt fair cause of the writers strike and the fact that DC has learned from that and appears to have a clear focus of how to do DC from now on. Ala Man of Steel style...
m0th3r - 6/24/2013, 8:47 PM
SO maybe we get an actual DC Comics Studios? Lets hope.
Nick56 - 6/24/2013, 8:50 PM
Less hands in the pot and a new guy in charge who is restructuring a flawed company? Sounds good to me. Hopefully now we'll get some DC movie announcements at SDCC
NeoBaggins - 6/24/2013, 8:52 PM
People went to see the first Grown Ups? It has a sequel? Bullshit!
DarthVenom - 6/24/2013, 8:53 PM
@Spideyman says you, Tasm is shit
Battabing - 6/24/2013, 8:56 PM
Can't fault WB for wanting all the money their movies make. I'd be pissed if I had to share a billion dollars with someone else, too.

It'll be interesting to see where they go. Yes, I'd love to see a DCE studio grow out of this. Time to give Bruce Timm a promotion.
Battabing - 6/24/2013, 8:57 PM
Bring Dini and Jelenic in, too.
JoeMomma29 - 6/24/2013, 9:00 PM
@ HOES

Yup it is about time for WB to man up and start a DC Studio. Staying patient till SDCC!
Ocelot - 6/24/2013, 9:00 PM
I can see Legendary joining with Universal Studios.
JoeMomma29 - 6/24/2013, 9:01 PM
@ Spideyman

Nope Amazing Spiderman is still $HIT! I will live in the past and replay Spiderman 2 in my head!
Bodwulf - 6/24/2013, 9:02 PM
Damn, Man of Steel was not that bad.
JoeMomma29 - 6/24/2013, 9:02 PM
Oh yeah Grown Ups 2 will not beat out Pacific Rim!
TheCaptainIsRight - 6/24/2013, 9:03 PM
Being more active is great to hear, but the current benchmark is pretty low. Sort it out WB.
TheAbomination - 6/24/2013, 9:03 PM
Can't wait to see how well WB/DC does without Legendary the cash cow.

[Spoiler alert: WB's in trouble]
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