- SoftBank (OTCPK:SFTBY) confirms it purchased a $250M stake in Legendary Entertainment and will form a joint venture partnership with the studio.
- The JV will push out Legendary's content through digital and TV channels, as well as look for merchandising and licensing opportunities.
- A focus will be placed on the markets in China and India.
- This year, Legendary was the producer for Warner Bros. on Godzilla and 300: Rise of the Empire.
- Shares of Dreamworks Animation (DWA -5.2%) trade lower than other media stocks after the development with the studio considered a prime SoftBank target at one point.