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China-Hollywood deals
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Legendary Entertainment, the company behind The Great Wall - the most expensive Chinese film to be made - is a California-based film production company that has been in the news a lot in recent years.
It has made for itself a reputation for co-financing mega box-office hits such as The Dark Knight Rises (2012) and Jurassic World (2015) and also for its strong ties with the Chinese movie-making world.
Earlier this year, the independent company made headlines when it was acquired by China conglomerate Wanda Group for US$3.5 billion (S$5 billion) in cash, the largest China- Hollywood deal to date.
But Legendary, which was founded and has been chaired by American businessman Thomas Tull since 2000, has had dealings with the Chinese movie market years before that historic partnership.
In 2011, the company set up Legendary East, an Asian film arm with offices in Hong Kong and Beijing, whose aim is to co-produce films with Chinese companies for the Chinese film market and beyond, in English and Chinese languages. An initial agreement with Chinese film distributor Huayi Brothers International was made, before a new deal was announced two years later with China Film Group.
Besides The Great Wall, some of the films financed by Legendary East include Godzilla (2014), Seventh Son (2014) and Warcraft (2016).
Warcraft, adapted from popular video game World Of Warcraft, was a flop in the United States, making only US$44 million. But it was a major hit in China, grossing more than US$220 million.
Besides the fact that China had a built-in Warcraft fan base - an estimated half of the world's players of the game are Chinese - its Legendary Enterainment-Wanda pedigree gave it a huge boost.
After all, as Wanda is also China's biggest cinema operator, it played the film on 67.5 per cent of all screens across the country.
That will likely set the trend for future Legendary Entertainment films to come in China.
Yip Wai Yee