Sony and Legendary Represent ‘the Last Gasp’ of an Old Business Model

With Sony, Legendary Entertainment found its third studio home in four years.

On Monday, the “Godzilla” and “Dune” producer announced it would partner with Sony on a slate of theatrical films in a multi-year deal.

It’s a sweet deal for Legendary to find a partner when studios are looking to cut wherever they can, but it’s hard to say which party needed the deal more.In truth, a theatrical behemoth like Legendary is not the “800-pound gorilla in the room” it was back when Thomas Tull founded the company in 2000, said Stephen Galloway, the former film journalist who now serves as dean of Chapman University’s Dodge Film School.

With the movie business and theatrical windows forever changed, he argues, this distribution deal is “more of an antiquated model” that will leave Legendary with a lot to prove.“This was the salvation of the business, and now it

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