At The Mountains Of Madness

[monster of dark]

[mr.negativity]

THR:

[quote="Tatiana Siegel, Borys Kit and Kim Masters "]
Under the new deal, according to sources, Legendary has the right to select — or "cherry-pick," as insiders are calling it — which Universal films the company will co-finance, and it has the leverage to opt in at varying percentages, depending on the project. Legendary will be required to meet a minimum overall obligation, as was the case with its Warner Bros. deal. But another source, familiar with the deal said that a pre-agreed selection process allows Legendary the option to finance only certain Universal films and not the entire slate.

That shouldn’t be a problem, though. Given Legendary's deep pockets and its recent success co-backing Warners films like The Dark Knight Rises and Man of Steel, Universal likely will change the types of films it puts into production as well as increase its overall output. The Legendary deal gives Universal its first major financing partner since its slate financing deal with Relativity ended in 2011.

At Warners' premiere for del Toro’s Pacific Rim on Tuesday night, speculation swirled about another proposed del Toro film, At the Mountains of Madness, an expensive Cruise vehicle that Universal pulled the plug on in 2011 after the budget ballooned. Cruise’s presence at the premiere is sure to stoke talk that the movie could now be revived as a Legendary/Universal project -- though a source said Cruise attended the premiere as a guest of Warners rather than Legendary.

Del Toro, who was unaware that Universal and Legendary were on the verge of closing a deal even as the premiere was about to take place, said: “Thomas is a big fan of the screenplay and the project. So it bodes well for that."

He added: “I’m a great fan of Legendary. I think Legendary has a strong genre instinct. And they are very aware of the zeitgeist of the culture, so I think it’s a great fit with any studio.â€

[mr.negativity]

[tbeasley]

[mr.negativity]