In a notable turn of events, Legendary Entertainment has closed a $1B senior secured revolving credit facility led by JP Morgan and including a syndicate of top-tier entertainment banks. The studio, which is owned by China's Wanda, will use the funds to continue growing its content coffers across film and television.

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Veteran entertainment executive Jiang Wei (who also goes by the first name of Wayne) has been appointed CEO of Legendary East. Jiang will be responsible for leading the company’s operations including energizing its local-language and official co-production capabilities, overseeing China-based marketing of all film…

BREAKING: Legendary Entertainment has its first CEO since Thomas Tull exited after selling his company to Dalian Wanda for $3.5 billion in early 2016. Joshua Grode has taken the reins and will team with Vice Chairman of Worldwide Production Mary Parent to build the company’s future. Grode leaves as partner of the law…