Former Fox Film chief Jim Gianopulos is in preliminary talks with China’s Dalian Wanda Group to run and expand its Legendary Pictures, according to two sources close to the executive.
The discussions with Wanda honcho Jack Gao, whom Gianopulos has known for years, are in the very early stages, the sources said. Many key issues have not even been discussed at this point, including Gianopulos’ compensation, an actual business plan, and how much Wanda is willing to invest in building Legendary into a full-fledged studio. Wanda has said in the past that it plans to invest billions of dollars into Hollywood assets.
Legendary is in search of a new leader to succeed Thomas Tull, who two days ago announced his departure as chairman and CEO from the company he founded in 2005, then sold it to Wanda last year for $3.5 billion. Legendary disclosed in a regulatory filing last May that...
The discussions with Wanda honcho Jack Gao, whom Gianopulos has known for years, are in the very early stages, the sources said. Many key issues have not even been discussed at this point, including Gianopulos’ compensation, an actual business plan, and how much Wanda is willing to invest in building Legendary into a full-fledged studio. Wanda has said in the past that it plans to invest billions of dollars into Hollywood assets.
Legendary is in search of a new leader to succeed Thomas Tull, who two days ago announced his departure as chairman and CEO from the company he founded in 2005, then sold it to Wanda last year for $3.5 billion. Legendary disclosed in a regulatory filing last May that...
- 1/20/2017
- by Dave McNary
- Variety - Film News
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