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Legendary Pictures, Inch. was founded and incorporated by Thomas Tull in California in 2000 after he raised $500 million from private equity firms. In 2005 it signed an agreement with Warner Bros. to co-produce and co-finance up to 40 films over seven years.
In July 2013, Legendary reached an agreement with Universal Studios where it will market, co-finance, and distribute Legendary's films for five years starting in 2014, the year that Legendary's similar agreement with Warner Bros. expires.