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News summary: Legendary switches to Universal

Wednesday - 7/10/2013, 5:20pm  ET

The Associated Press

FANBOY FAVE: Big-budget movie producer Legendary Entertainment, which backed films like "The Dark Knight" and "Man of Steel," is moving from Warner Bros. to Universal Pictures.

FIVE YEARS: A five-year deal begins in 2014. The deal gives Legendary an opportunity to have its characters in Universal theme parks. Universal can benefit from Legendary's tie-up with major Chinese distributor China Film Group.

WARNER WAVES BYE: The new deal ends a relationship with Warner Bros. in place since 2005. They're still partners on upcoming films "Godzilla" and "300: Rise of an Empire."


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