‘Dune’ producer veteran, Patrick Wachsberger teams up on joint venture

legendary entertainment“Dune” creators partnering with Oscar-winning “CODA” creator and veteran media executive patrick wachsberger At 193, a new stand-alone joint venture.

Wachsberger, who previously served as president of Lionsgate Motion Picture Group, will lead 193 as CEO. The new company will be a global production and sales entity, focused on developing and producing its own films. In a release announcing the venture, the company said it would work with third-party producers and financiers, and represent global distribution rights for completed films as well as projects in the early stages of development and production. Will provide capital for. Legendary and Wachsberger will be co-owners of the joint venture.

193 will begin cultivating its slate immediately. Additionally, Blair Rich, Legendary’s chief marketing and commercial officer, will oversee the marketing of the 193 projects.

Although best known for its work with blockbuster films such as “Dune” and “Godzilla,” Legendary has worked in the independent sales arena. In 2019, it became one of the major financial partners in Library Pictures International, a film financing unit focused on low-budget films. Recent titles from Library Pictures include “Emilia Perez” and “I’m Still Here,” both of which are generating Oscar buzz.

In 2019, Wachsberger became partner and head of Picture Perfect Federation, a joint venture between Picture Perfect Entertainment and top international studio Federation Studios, dedicated to the development and production of premium television content for the US and international markets. Previously, he joined Lionsgate in 2012 when it acquired Summit Entertainment, a major independent film studio behind the “Twilight” franchise and “The Hurt Locker.”

“I have known and worked with Patrick since his time at Summit Entertainment,” said Grode. “We are excited to partner with them on this new stand-alone venture and know that 193 will be a leader in bringing top quality films to markets around the world. “This is an exciting moment for Legendary as we continue to build strong momentum and diversify our film and TV portfolio.”

Wachsberger will continue to work on the Picture Perfect Federation projects initiated during his tenure and will look for opportunities for Federation Studios and 193 to work together on select international feature film and series projects in the future.

Wachsberger said, “I am thrilled to launch this new venture with Legendary, which has delivered many of the industry’s most compelling and successful films in recent years. “Given the strong global demand for high-quality independent films, along with the input from Legendary’s world-class creative and production team, we are fantastically positioned for growth.” 193 will bring extraordinary stories from great filmmakers to audiences around the world.

It has been a time of change for Legendary. In October, the company purchased the equity stake held by Wanda Group, which it said would allow it to continue expanding its footprint and take advantage of the consolidation taking place in media. On the film front, Legendary scored with “Dune: Part Two” and “Godzilla X Kong: The New Empire.” Upcoming notable films include “A Minecraft Movie” starring Jason Momoa and Jack Black, as well as an untitled Alejandro G. Iñárritu film included.

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