Movies Legendary Relationship Ends written by Sean Gerber June 25, 2013 Warner Bros. and Legendary Pictures have been a very successful production, financing, and distribution team for the better part of the last decade. Legendary Pictures has been the co-financier for many of WB’s superhero films and together, both companies have enjoyed the financial windfalls from “The Dark Knight Trilogy” and, to a lesser extent, this summer’s “Man of Steel.” Variety reports, however, that both sides have agreed to break up the band instead of continuing negotiations to renew a contract which expires later this year. Legendary’s boss, Thomas Tull, is looking to expand his company’s portfolio from films to television and other media platforms like comics. Warner Bros. certainly has experience in those mediums, but lacks the need for a new partner. The company already has its television programming in order and owns comic giant DC Entertainment. Tull is now negotiating with other studios including Universal and Fox to see which of them, if any, will provide the opportunities Legendary is looking for. Adding to the departure of studio president Jeff Robinov last week, Warner Bros. appears to be in a state of flux at a rather inconvenient time. The studio is looking to fast track its sequel to “Man of Steel” and could probably do without all the distractions. Perhaps it is better, though, to sever its ties from Legendary now and move on instead of being bogged down by months of fruitless negotiations. The loss of Legendary Pictures may not impact Warner Bros. very much creatively, but the financial ramifications are considerable. Superhero blockbusters are very expensive; sharing costs with a company like Legendary helped reduce the studio’s risk by agreeing to split some of the reward. Warner Bros. will now have to find a new financing partner or carry the monetary burden of building the DC cinematic universe on its own shoulders. Legendary Relationship Ends was last modified: February 22nd, 2016 by Sean Gerber Related 2 comments 0 Facebook Twitter Google + Pinterest Sean Gerber Sean Gerber is the founder and editor-in-chief of Modern Myth Media. When he's not writing here, you can catch him as the host of Popular Opinion Podcast, Batman News, and Marvel News! previous post Jeff Robinov Exiting Warner Bros. next post More Marvel Coming You may also like Alan Taylor In Talks To Direct TERMINATOR... September 6, 2013 Meredith Anne Bull & Elijah Kelley Talk... January 22, 2015 Open Forum: THE LEGEND OF TARZAN June 30, 2016 SNOWPIERCER Expands July 3, 2014 BIRDMAN Takes Flight in New International Trailer July 31, 2014 New TRANSFORMERS: AGE OF EXTINCTION Poster March 12, 2014 Steven Soderbergh reimagines 2001: A SPACE ODYSSEY January 14, 2015 Open Forum: TERMINATOR: GENISYS June 30, 2015 David Goyer + Joseph Gordon-Levitt = SANDMAN? December 17, 2013 Bruce Willis Out, Harrison Ford In For... August 6, 2013 Stock Sad news. The Legendary Logo has meant quality movies to me since BB. Adrian Speaking of quality, this makes me wonder if the DC Cinematic Universe will become even harder to do now that Warner Bros. will be financing the films themselves. Since they’ll be paying the bill on films that’ll cost between 150 and 250 mil, it’s possible they’ll want more creative control and make it harder for those with a vision for these characters and films to do their jobs. It’s possible. Personally, I don’t give Warner Bros. that much credit for The Dark Knight Trilogy. They took the risk by taking on Nolan and his vision but they let him run with it for The Dark Knight and especially for The Dark Knight Rises due to the former’s universal success. Warner Bros. didn’t even move on a Superman film until Goyer and Nolan had an idea for it. In fairness, Warner Bros. doesn’t need to make superhero films. People want them, sure, but they just had the Harry Potter series and still have the new Hobbit trilogy. Fans don’t want to hear it but they don’t owe the fans anything and they’re not in a position where they have to do anything with those properties like Marvel Studios. Warner Bros. is perfectly fine either way.