LOS ANGELES (DECEMBER 03, 2019) – Serving an in-demand marketplace, global entertainment company Legendary Pictures has made an investment in Library Pictures International (“Library”), an innovative content financing entity organized earlier this year by CAA Media Finance to support industry-leading filmmakers and distributors in the international market by investing in local language production slates.
As part of the deal, Legendary will be part of a team at Library to fund local-language productions aimed to harness filmmaker talent and producers in each territory. Initial deals cover India, Latin America, and Spain, with Malaysia, Indonesia, South Korea, Vietnam, and China among the targeted territories for expansion.
“Given Legendary’s role as a pioneer of slate financing, Josh, Mary and the entire Legendary team bring unparalleled strategic knowledge coupled with a deep appreciation for international storytellers,” said David Taghioff, who leads Library from its Los Angeles headquarters. “They are an ideal partner in fueling Library’s continued growth as we collectively support content creators around the world.”
“Library Pictures aims to fulfill a fundamental and overwhelming demand in local territories for filmed entertainment that simultaneously embodies and is authentic to those audiences. Not only do we have a unique opportunity to lift and empower new voices and local producers, but we can benefit economically by investing in and supporting these lucrative marketplaces,” stated Josh Grode, CEO, Legendary Entertainment.
The deal was brokered by Sam Kozhaya on behalf of Legendary and CAA Media Finance on behalf of Library. Evolution Media Capital served as sole financial advisor to Library.
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ABOUT LIBRARY PICTURES INTERNATIONAL
Los Angeles-based Library Pictures International (Library) is a global local-language content financier with a focus on supporting industry-leading filmmakers across the globe by investing in local production slates.
ABOUT LEGENDARY ENTERTAINMENT
Legendary Entertainment is a leading media company with film (Legendary Pictures), television and digital (Legendary Television and Digital Media) and comics (Legendary Comics) divisions dedicated to owning, producing and delivering content to worldwide audiences. Legendary has built a library of marquee media properties and has established itself as a trusted brand which consistently delivers high-quality, commercial entertainment including some of the world’s most popular intellectual property. In aggregate, Legendary Pictures-associated productions have realized grosses of more than $17 billion worldwide at the box office. To learn more visit: www.legendary.com
For Legendary:
Melissa Zukerman // Sheana Knighton
323.658.1555
[email protected] // [email protected]
For Library Pictures International: