Seesawing Fate of Legendary Reflects the Film Industry’s Volatility
But Wanda soon abandoned the Dick Clark deal and “The Great Wall” was a debacle, costing
at least $250 million to make and market and taking in $332 million worldwide.
The studio, which employs about 300 people, has ample money to make movies, including announced sequels to “Godzilla,” “Kong: Skull Island”
and “Pacific Rim.” Over the last six months, the studio has secured cash investments of nearly $580 million.
With the right support from Wanda, financially and politically, Legendary could also build a film distribution system in China, one
that could be rented to other Hollywood studios, which are now required to use a state-owned distribution system.
The studio’s last release, “Kong: Skull Island,” was a hit, collecting $566 million worldwide in March against a production budget of $185 million.
