Legendary Entertainment, founded in 2000 by Thomas Tull and co-founders, is a prominent American mass media and film production company headquartered in Burbank, California. It specializes in creating, owning, and delivering content across film, television, digital media, virtual reality, and comics, with a distinct focus on engaging mainstream audiences and powerful fandom demographics[1][2][3]. The company’s film division, Legendary Pictures, is known for producing blockbuster films in collaboration with major studios such as Warner Bros., Universal, Sony, and Paramount Pictures, as well as streaming platforms like Netflix and Hulu[1][3][4]. Legendary was an early pioneer in merging film production with Wall Street private equity, initially raising $500 million from private equity and hedge fund investors. After various ownership changes, including a significant period as a subsidiary of the Chinese conglomerate Wanda Group starting in 2016, Legendary returned to a joint ownership structure in 2024, with American equity firm Apollo becoming an equal partner after buying out Wanda’s stake[1][5]. This evolution reflects the company’s strategic positioning amid global media shifts and investment landscapes. Key achievements include Legendary-associated productions collectively grossing nearly $21 billion worldwide at the box office, underscoring its commercial impact and reputation for high-quality, large-scale entertainment[4]. The company continuously expands its media footprint, recently entering a joint venture called "193" for new production and sales initiatives[1]. Legendary also plays a role in cross-media storytelling, with projects extending into digital gaming, such as the "Dune: Awakening" game inspired by Legendary’s film properties[2]. Financially, Legendary has experienced some volatility in credit risk and ratings between 2021 and 2025, reflecting market sensitivities and industry challenges, yet it maintains a moderate creditworthiness profile[5]. Overall, Legendary Entertainment stands as a key innovator and influencer in the intersection of technology, media, and fandom-driven content creation.