Thomas Tull Resigns from Legendary

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Re: Thomas Tull Resigns from Legendary

Postby Jorzilla » Thu Jan 19, 2017 5:33 pm

Godzilla 2 is gonna get cancelled.

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Re: Thomas Tull Resigns from Legendary

Postby Henry88 » Thu Jan 19, 2017 5:56 pm

Jorzilla wrote:Godzilla 2 is gonna get cancelled.

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Re: Thomas Tull Resigns from Legendary

Postby Jorzilla » Thu Jan 19, 2017 7:35 pm

Henry88 wrote:
Jorzilla wrote:Godzilla 2 is gonna get cancelled.

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That was funny the negative one time you posted the same gif, over and over.
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Re: Thomas Tull Resigns from Legendary

Postby Henry88 » Thu Jan 19, 2017 8:04 pm

Jorzilla wrote:
Henry88 wrote:
Jorzilla wrote:Godzilla 2 is gonna get cancelled.

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That was funny the negative one time you posted the same gif, over and over.


not as many times as konga one did.
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Re: Thomas Tull Resigns from Legendary

Postby Benjamin Haines » Thu Jan 19, 2017 9:50 pm

A thread without the turnip GIF is like uncrunchy peanut butter - just borderline unamerican.
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Re: Thomas Tull Resigns from Legendary

Postby lhb412 » Thu Jan 19, 2017 10:01 pm

^I don't mind uncrunchy peanut butter as it still takes like peanuts, not over-processed to the point it doesn't taste like anything.

What were we talking about?

Oh, the Kong TV spots look awesome. I could easily see it beating predictions.
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Re: Thomas Tull Resigns from Legendary

Postby Henry88 » Thu Jan 19, 2017 10:36 pm

What were we talking about?


Thomas Tull leaving Legendary and what it means for the monster-verse.
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Re: Thomas Tull Resigns from Legendary

Postby Specium Ray » Thu Jan 19, 2017 11:27 pm

That sounds like a super depressing discussion.
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Re: Thomas Tull Resigns from Legendary

Postby Henry88 » Thu Jan 19, 2017 11:33 pm

Specium Ray wrote:That sounds like a super depressing discussion.


add some Tango music spice up the doom and the gloom, but with some luck kong will do well at the boxoffice.
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Re: Thomas Tull Resigns from Legendary

Postby lhb412 » Thu Jan 19, 2017 11:41 pm

Henry88 wrote: but with some luck kong will do well at the boxoffice.


As I mentioned a few posts ago: the TV spots were just released today, and they look awesome. It looks like it could be a winner, as the trailers manage to spotlight the monsters and action as well as a bunch of well-loved actors (one spot focuses on Sam Jackson, one on Goodman, one on Hiddleston, etc.). Really, the overstuffed March is the big mark against it, and unfortunately that's the new normal. It's unavoidable for practically every movie in this blockbuster rich enviroment, and probably unsustainable.
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Re: Thomas Tull Resigns from Legendary

Postby Henry88 » Fri Jan 20, 2017 12:13 am

lhb412 wrote:
Henry88 wrote: but with some luck kong will do well at the boxoffice.
It's unavoidable for practically every movie in this blockbuster rich enviroment, and probably unsustainable.


then they will learn the hard way to spread out there movie over the year and not cram them in to one month like a bunch of dummy's.
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Re: Thomas Tull Resigns from Legendary

Postby mr.negativity » Fri Jan 20, 2017 12:25 am

Deadline:
Jim G In Play: Legendary, Sony, Warner Bros.?
Anita Busch wrote:Fox Filmed Entertainment Group Chairman and CEO Jim Gianopulos is said to be helping his old friend at Wanda Jack Gao behind the scenes on figuring out what to do with Legendary in the wake of the surprise exit of the production company’s CEO Thomas Tull. The relationship between Gianopulos may blossom into something more permanent as we’ve confirmed that Wanda has been heavily courting him. Does that mean that he will take the reins at Legendary? It’s not certain as the former executive’s name is also being bandied about for other top spots around town, including to replace Michael Lynton at Sony and also to take over Warner Bros.

Gianapulos and Gao’s relationship goes back many years when the latter was a top executive at New Corp.

The word of this comes only two days after Tull said he was exiting Legendary, the company he founded 11 years ago after clashing with Wanda owners. With no one to hand the reins to, Gao stepped in as interim CEO. Gao is the trusted right hand man to Dalian Wanda Group‘s chairman Wang Jianlin and has great business relationships in Hollywood. He currently serves as SVP & CEO of International Investments and Operations at Wanda Cultural Industry Group. The hiring of Gianopulos would be a coup for Wanda and Legendary.

Gianopulos has years of experience in distribution and production. In fact, he rose out of the international distribution ranks to eventually head Fox. He left the studio early last year. Stay tuned. Gianopulos could not be reached for comment.


Variety August 23, 2016:
Fox Film Chief Jim Gianopulos to Exit Early (EXCLUSIVE)
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Re: Thomas Tull Resigns from Legendary

Postby jellydonut25 » Fri Jan 20, 2017 12:26 am

Henry88 wrote:
lhb412 wrote:
Henry88 wrote: but with some luck kong will do well at the boxoffice.
It's unavoidable for practically every movie in this blockbuster rich enviroment, and probably unsustainable.


then they will learn the hard way to spread out there movie over the year and not cram them in to one month like a bunch of dummy's.

No they won't. Those aren't the kinds of lessons they learn.
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Re: Thomas Tull Resigns from Legendary

Postby mr.negativity » Fri Jan 20, 2017 8:28 am

Variety:
Wanda Says Thomas Tull Exit Reflects Restructuring, Not Flops
Patrick Frater wrote:Legendary Entertainment’s Chinese owner, Dalian Wanda, said Friday that the abrupt exit of founder Thomas Tull is part of its larger restructuring plans for growth but that the change at the top did not reflect dissatisfaction with Tull or the recent release of “The Great Wall,” which some have described as disappointing.

“Legend’s personnel adjustments are due to Wanda Pictures’ overall structure” and are part of Wanda Chairman Wang Jianlin’s previously announced expansion plans, a statement from the Chinese conglomerate said.

“‘The Great Wall’ has just begun its worldwide release, and it has not yet been released in the North American region,” the statement added. “Its so-called failure is a fiction.”

The Zhang Yimou-directed action film, which reportedly cost $150 million to make, has generated slightly more than $200 million at the box office, most of that in China, since its December release. How it performs in the U.S. after it hits theaters there next month will be closely watched.

Tull announced his resignation as CEO on Tuesday in the U.S., with Jack Gao, senior VP of Wanda’s Cultural Industries group, taking over as interim leader. Sources say that Wanda has held preliminary talks with Jim Gianopulos, former head of distribution at Fox, as a possible replacement.

Wanda had remained silent on Tull’s departure but issued a three-paragraph statement in Chinese to Variety on Friday. In addition to its terse explanation of Tull’s exit, Wanda said it would “release big news concerning the film industry soon.”

Wanda bought Legendary in early 2016 for up to $3.5 billion, a price tag that baffled many in the industry. Concerns that it had overpaid appeared to be confirmed when a regulatory filing showed that Legendary lost hundreds of millions of dollars in 2015.

In his annual work report a week ago, Wanda chairman Wang noted his company’s ambition to control 20% of the global cinema market, which he believes would give it ample bargaining power when negotiating with the six major Hollywood studios. Speaking this week in Davos at the World Economic Forum, Wang said that Wanda is planning $5 billion to $10 billion of overseas deals this year, with the major focus on entertainment and sports.

Wang has made no secret of his desire to buy a Hollywood studio. But recently he said talks were not making progress, for lack of willing sellers.

Legendary’s performance over the past couple of years has been mixed. In 2016, its two film releases in China both scored big box-office numbers. “Warcraft” was at its most successful in China with $221 million, compared with $47.3 million in North America.

Since its December release, “The Great Wall” has earned close to $166 million (RMB1.14 billion), making it one of the biggest films of 2016 in the Middle Kingdom. That figure was below some projections, though the overall slowdown at the Chinese box office last year makes comparisons tricky.

With its big production budget, “The Great Wall” still needs to score well in other territories. To date, it has grossed more than $40 million in ongoing theatrical release in Asia and Europe. Its North American outing, handled by co-financier Universal Pictures, is set for Feb. 17.

Wanda previously attempted a restructuring of its film businesses in the months shortly after the Legendary acquisition. That corporate reshuffle was to have seen some 20 outside companies provide investment for Wanda Pictures. However, the deals were halted by regulators, who expressed concern over the financial viability of the maneuvers.

That is a pattern that has played out previously. Two years earlier, regulators halted the IPO of film exhibition unit Wanda Cinema Line, only for Wanda to present new accounts and list the company on the Shenzhen stock exchange in January 2015.

Despite a dramatic retreat in the value of Chinese stocks in 2016, Wanda Cinema Line is valued at $6.8 billion (RMB46.9 billion) compared with the $3.45-billion market capitalization of AMC Entertainment, the U.S. theatrical market leader which Wanda also controls.


Wanda Denies Legendary's Thomas Tull Was Fired Over 'The Great Wall'
Wanda appears to have set its sights on expanding Legendary instead. And Tull, for one, is not their man for the job.
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Re: Thomas Tull Resigns from Legendary

Postby Henry88 » Fri Jan 20, 2017 3:18 pm

Wanda appears to have set its sights on expanding Legendary instead. And Tull, for one, is not their man for the job.


selling to wanda was Thomas Tull's biggest mistake ever.
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Re: Thomas Tull Resigns from Legendary

Postby Gman2887 » Fri Jan 20, 2017 11:29 pm

Somewhat part of the topic, in interest of future "monster" endeavors, but it seems that Legendary has actually trademarked the word "Monsterverse" and stuck it on some Skull Island merchandise to reflect the cinematic universe they're creating. Did Universal Studios not have some sort of shop or minor attraction called the same thing?
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Re: Thomas Tull Resigns from Legendary

Postby lhb412 » Fri Jan 20, 2017 11:46 pm

^Apparently Universal didn't go through with actually trademarking the thing, but folks have been casually using the term 'Monsterverse' to describe Universal's proposed shared universe of films for a while now.
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Re: Thomas Tull Resigns from Legendary

Postby Gman2887 » Sat Jan 21, 2017 1:40 am

lhb412 wrote:^Apparently Universal didn't go through with actually trademarking the thing, but folks have been casually using the term 'Monsterverse' to describe Universal's proposed shared universe of films for a while now.


Whelp, too late now:

Monsterverse Trademark Details
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Re: Thomas Tull Resigns from Legendary

Postby lhb412 » Sat Jan 21, 2017 2:08 am

Well, the fact that they're putting 'Monsterverse' on all the products and even alluding to Godzilla in the Kong TV spots certainly speaks to a confidence in doing this thing.

Although it's easy to get all doom-and-gloomy, the truth is that these movies are still in production and scheduled, and as for the situation with Tull: we don't know what's hearsay and what's not. The Variety stuff is probably the most reliable, and they only mention Godzilla and PacRim in passing, but both are inferred to be valuable properties (saying Godzilla was a 'score'), and are seperate from the true flops that are singled out. Any articles saying Tull's fanish backing of giant monster movies as a negative probably reflect that author's intent to grab as many things he or she can find to spice up the details and make for a more interesting article.

... and remember: how Kong and PacRim do in China and overseas overall is probably more important than the domestic gross.
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Re: Legendary's Monsterverse

Postby mr.negativity » Sun Jan 22, 2017 10:45 am

Gman2887 wrote:
lhb412 wrote:^Apparently Universal didn't go through with actually trademarking the thing, but folks have been casually using the term 'Monsterverse' to describe Universal's proposed shared universe of films for a while now.


Whelp, too late now:

Monsterverse Trademark Details


lhb412 wrote:Well, the fact that they're putting 'Monsterverse' on all the products and even alluding to Godzilla in the Kong TV spots certainly speaks to a confidence in doing this thing.


Henry88 wrote:Image

Monsterverse 8)

Will the Titans be a part of this Monsterverse?

Deadline:
Popular Japanese Title ‘Attack On Titan’ Eyed By Warner Bros. For ‘Fantastic Beasts’ Producer David Heyman

Spoiler Below:
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Re: Thomas Tull Resigns from Legendary

Postby Henry88 » Sun Jan 22, 2017 11:25 am

Will the Titans be a part of this Monsterverse?


hope not, the poor things would hopelessly outclassed.
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Re: Legendary's Monsterverse

Postby Benjamin Haines » Sun Jan 22, 2017 11:34 am

mr.negativity wrote:Will the Titans be a part of this Monsterverse?


When I read this I thought you meant whether Clash of the Titans (2010) and Wrath of the Titans (2012) would be retroactively incorporated into the ancient history of the Monsterverse. They were both WB and Legendary co-productions, after all. I still haven't seen them.
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Re: Thomas Tull Resigns from Legendary

Postby mr.negativity » Wed Feb 01, 2017 12:43 pm

THR:
Who Wants to Be a Studio Chief? Legendary Ouster Sparks Hollywood Exec Scramble
Kim Masters wrote:Legendary has a library of its homegrown films, most of which didn't perform well, including Blackhat and Seventh Son. Its biggest hit was the 2014 Godzilla, which grossed $529 million worldwide. It also has stakes in major hits that Tull helped finance, including Universal's Jurassic World, and the right to invest in sequels. (Tull did far better as a financier than as a producer.) "Is Legendary a finished product? Absolutely not," says a source close to the company. "It's a platform on which something can be built."

For now, Legendary sources say the company has financing to move forward, but it appears to be enough only to cover perhaps two or three movies a year. And Legendary's pipeline is not exactly bursting. It has wrapped production on Kong: Skull Island, set for March 10 (and it has plans to make a Godzilla sequel and a third Godzilla-meets-Kong film at Warners). It is in production on a Pacific Rim sequel, TV producer Steven S. DeKnight's feature film debut. Parent is trying to make a deal to get Dwayne Johnson to star in an action movie called Skyscraper and to launch an adaptation of the sci-fi novel Dune, with Denis Villeneuve (Arrival) directing.

A source close to Wanda says the company's leadership wants Legendary to produce more prestige projects, becoming less identified with the megabudget monster flicks and fanboy fare that Tull favored. At a gala in L.A. in November, Wanda's chairman Wang Jianlin spoke out against the reliance on sequels, remakes and effects-heavy spectacles, saying, "We have to make Hollywood go back to storytelling."
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Re: Thomas Tull Resigns from Legendary

Postby Henry88 » Wed Feb 01, 2017 12:47 pm

A source close to Wanda says the company's leadership wants Legendary to produce more prestige projects, becoming less identified with the megabudget monster flicks and fanboy fare that Tull favored.


and that is that,jerks.
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Re: Thomas Tull Resigns from Legendary

Postby Benjamin Haines » Wed Feb 01, 2017 2:03 pm

^ I wouldn't worry about that. The very next line in the article says:
Kim Masters wrote:At a gala in L.A. in November, Wanda's chairman Wang Jianlin spoke out against the reliance on sequels, remakes and effects-heavy spectacles, saying, "We have to make Hollywood go back to storytelling."

It's just Wang posturing the way any Hollywood producer does, paying lip service to the idea that spectacle and storytelling are mutually exclusive and promising that the company will steer toward the latter. Keep in mind that the very first project Legendary greenlit after being bought by Wanda was the sequel to Pacific Rim which otherwise wouldn't be happening.


This bit, though... Hoo doggie...
Kim Masters wrote:Wanda pushed Tull out Jan. 17 following major write-downs and a disappointment in Warcraft, which grossed $434 million worldwide. Wanda had hoped The Great Wall would be a global, cross-cultural hit, but sources say it failed to perform up to expectations in China, and the outlook in the U.S. is not considered good. (The Zhang Yimou film, starring Matt Damon, opens here Feb. 17.) Industry sources say Wanda believed Great Wall could gross $370 million in China only to see it stall at $167 million. An individual close to Legendary maintains the company's internal projection was $150 million to $200 million, adding "the talk of it being a failure [in China] is a fiction."

See, I'm inclined to believe that cited individual close to Legendary. The prospect of The Great Wall grossing $150m-$200m in China actually makes sense, and that's what happened.

Betting on The Great Wall to make $370m in China? That's nuts! That would make it the 4th-highest-grossing movie in China ever, domestic or imported, ahead of Transformers: Age of Extinction and behind only Furious 7 and the Chinese sensations Monster Hunt and The Mermaid.

If Legendary (under Tull) greenlit The Great Wall expecting it to make $150m-$200m in China but then led the company's new buyers at Wanda to believe that this upcoming Hollywood/China co-production could earn $370m in China, then it's not hard to imagine why Wanda was ready to let Tull go.
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