Overview

• Legendary is in early-stage talks with Paramount on a multi-picture global theatrical distribution deal that excludes China.
• Negotiations reportedly cover a Paramount streaming window, a transactional window and project-by-project co-financing, though terms remain fluid.
• Warner Bros. retains distribution rights to major Legendary franchises such as Dune and MonsterVerse, keeping the pact non-exclusive.
• Legendary regained full ownership and distribution autonomy after ending its Sony output deal and buying out Wanda Group’s stake earlier this year.
• Paramount’s leadership under David Ellison has set a goal of producing up to 20 films a year with a theatrical emphasis, driving demand for externally sourced content.