Legendary Entertainment has completed a buyout of Wanda Group’s remaining equity interest in a move CEO Josh Grode said ushers in a new era for the studio.

The "Dune" and "Godzilla" studio's board will be evenly split between management and private equity firm Apollo, which made a $760 million minority investment in 2022

The 'Dune' and 'Godzilla' studio had been owned by Wanda since 2016, with Apollo joining as a minority investor in 2022.

Dalian Wanda has sold its stake in 'Dune' and 'Godzilla' producer Legendary Entertainment for an undisclosed amount.

Legendary Entertainment LLC is in advanced talks to buy out Dalian Wanda Group’s stake in the movie studio, people familiar with the matter said, as the Chinese conglomerate looks to unwind one of its most high-profile overseas acquisitions.

Dune' production company Legendary Entertainment has bought out the stake previously owned by Chinese conglomerate Wanda Group.

Legendary has bought Chinese conglomerate Dalian Wanda Group's majority stake in the studio, the company announced Monday. Why it matters: The deal puts Legendary back in full con

Legendary Entertainment LLC, the studio behind movies such as Dune and Godzilla vs. Kong, has reached an agreement to purchase Dalian Wanda Group Co.’s stake in the company, confirming an earlier Bloomberg report.

Once China's richest man, Wanda's Wang Jianlin wanted to own Hollywood. Now the firm has exited two of its marquee investments in American entertainment.