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entertainment

Legendary Entertainment Sells Stake to Apollo for $760 Million

By
Sahil Patel
· · Source: The Information

Legendary Entertainment, the studio behind blockbusters such as “Dune” and “The Dark Knight,” has sold a minority stake to private-equity firm Apollo Global Management for $760 million, the companies announced on Monday. The deal comes as billions of dollars in private-equity money are going towards acquiring and investing in Hollywood studios amid a boom in demand for streaming content. If...

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Dario Amodei, co-founder and CEO of Anthropic. Photo via Getty.
Anthropic, one of the main rivals of OpenAI, is in talks with investors to raise at least $2 billion in new funding, following a commitment from Amazon last week to invest $1.25 billion in the company, according to three people with direct knowledge. Anthropic has told investors that Google, which bought a roughly 10% stake in the startup in 2022, is expected to invest in the round, two of the...
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Former Apple design chief Jony Ive and OpenAI CEO Sam Altman. Photos by Getty.
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