Thursday, January 19, 2017
Thomas Tull Exits Legendary Entertainment
Variety: Legendary Entertainment chairman and CEO Thomas Tull has announced his departure from the company he founded in 2005, then sold to Chinese conglomerate Dalian Wanda last year.
Tull will take the title of founding chairman of the company, with Wanda executive Jack Gao assuming the CEO post while the company conducts a search for a permanent chief executive, an announcement said.
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2 comments:
I often forget just how far movies can reach. I was out of the country during break and while on a bus I passed a movie theatre that was running movies like Moana. The amount of money used to buy the company may not make sense from an american business perspective but it’s the world wide quality that brings logic to the situation. It’s obviously more preferable if a movie is successful worldwide, but if you find a method to produce movies that makes them successful everywhere but america that's still a pretty big profit margin despite domestic failure. I am curious as to what qualities make so many of their movies domestic flops but international hits. Being able to isolate those qualities might be an answer to helping create movies that are easier to predict what markets the movie will be successful in. And at the very least have a better understanding of what a movie needs to be monetarily successful.
Hey, that's the Carnegie Mellon fam! Amazing to hear the sometimes weird and crazy people who have a hand in CMU. Just goes to reiterate how global and far reaching our connections are. It sounds like Tull is very experienced and a smart man who has built quite the empire. I have to say I think it is interesting that this article mentions a potential government investigation or to provide further scrutiny into details and wow... if they are legally purchasing companies and building a corporate empire... it isn't any of the government's business and good for them for being savvy enough to make it happen. It was also interesting to read that an independent company had worked on some of the big blockbuster hits mentioned in the article. I wasn't aware that anyone but the big companies and studios did those. Though I suppose they are a big studio now but certainly not a longstanding one with a founding in 2005. It is certainly impressive the process made and I'm sure Thomas Tull has a lot he could teach (perhaps he should consider writing a book).
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