Legendary East gets funding boost

Thomas Tull

Thomas Tull

Another piece of financing has come together for Thomas Tull’s Legendary East banner, with Hong Kong’s Paul Y. Engineering Group agreeing to invest $220.5 million in the company for a 50% stake. In addition, Legendary said it will also establish a credit facility to fund film productions and operations. Legendary East is the Asia arm of Legendary Pictures, with a focus on developing English-language pics that tap into Chinese culture. First releases are being prepped to bow sometime in 2013. Read full article at Variety. – Thanks to Tony F. for the heads up!



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