Alert! Warner Brothers dump Legendary Entertainment! Get better deal from Dune! More Profits for TWX!
Bank of America has been shopping a new deal for Warners for some months with the expectation that Legendary CEO Thomas Tull would seek a new arrangement elsewhere. Legendary has been a key partner for Warner Bros., financing a big chunk of its Batman and Hangover series, among others, as well as 75 percent of Pacific Rim, which premieres tonight and opens wide Friday.
The new Dune deal would be different than Warners' arrangement with Legendary, which could cherry-pick the movies it financed. The new deal, say sources, would cover Warners' entire movie slate and would last three or four years. One source says the arrangement also would cover a portion of Man of Steel, the pricey Superman reboot that opened in June.
How sweet is this TWX is getting money for Man of Steel from Dune! Amazing!:)