Legendary Entertainment has expanded its presence in global independent film with the formation of 193, a new stand-alone joint venture to be run by producer and executive Patrick Wachsberger, who will serve as the company’s new CEO.
193 is described as “a global production and sales entity designed to capitalize on high demand for quality films for the independent market,” per Legendary. The new company “will develop and produce its own slate of films, and work with third-party producers and financiers, representing global distribution rights for completed films and providing capital and early territory sales activities for projects in their early stages.”