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SoftBank takes stake in Legendary Entertainment

Oct. 02, 2014 11:38 AM ETSoftBank Group Corp. (SFTBY) StockDWA, SFTBYBy: Clark Schultz, SA News Editor
  • 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.

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