Legendary East; Paul Y. “Engineer’s” an Escape

Echoing my excitement and underlying sentiment from one of 2011's High Tide 10, FilmBizAsia informs readers that Paul Y. Engineering 保華建業集團有限公司 was unable to secured the $220m committed to the JV. You can read more about Legendary's new path here.

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Excited that this relationship would become the deal to stabilize consistent co-produtions moving forward, I still have to give credit to Legendary for staying in the game. And Chinese co-pro is exactly that, a game played commonly with one step forward and two steps back…this giant octopus has many, many tentacles to tenderize on both sides of the partnership in order for it to work. Money being an important tentacle at that. It also demands commitment and time before becoming palatable for either party. So with two strikes it may look like Legendary is taking a beating and i'm sure it feels like one too. But in time, just staying in the thick of it will turn out to be their wisest move. Impressive! -ML

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