Thomas Tull Resigns from Legendary

BURBANK: Thomas Tull has resigned from Legendary Entertainment and, effective immediately, will assume the role of founding chairman of the company he established and has led since 2005.

Wanda Cultural Industry Group has named Dr. Jack Gao, group senior VP and CEO of international investments and operations at Wanda Cultural Industry Group, as interim CEO of Legendary Entertainment while the company looks for a new full-time CEO.

“We are thankful to Thomas for his founding vision of Legendary as well as his commitment, leadership and partnership this past year,” said Gao. “He will forever be part of the company’s already rich legacy and powerful DNA. As we move forward, Wanda aims to transform Legendary into a next-generation studio of the future with a far-reaching creative and global platform. We look forward to working with the creative team to manage our already viable film slate with more to come in the near future.”

Tull commented: “Building Legendary has been one of the most fulfilling experiences of my life. I have had the unique opportunity to be at the forefront of where the business is going and lead an incredible group of people as we innovated the way we thought about the film and television business, and the possibilities of collaboration between the West and the East. After a year of transition, I know that the company is stable with great leadership, so at this point, I am able to leave and pursue the new interests and endeavors I have been planning.”

Tull plans to focus his time on his Tull Investment Group, which invests in life science, media and technology companies such as Magic Leap, Oculus Rift, Pinterest, Heal and Zoox.