Legendary Entertainment, Patrick Wachsberger Team on Independent Production and Sales Joint Venture, 193

variety.com:

Brent Lang Executive Editor Legendary Entertainment, the producer of “Dune,” is partnering with Oscar-winning “CODA” producer and veteran media executive Patrick Wachsberger on 193, a new stand-alone joint venture.

Wachsberger, who previously served as chairman of the 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 slate of films.

In a release announcing the venture, the company said it will work with third-party producers and financiers, and will represent global distribution rights for completed films as well as provide capital for projects in their early stages of development and production.

Legendary and Wachsberger will co-own the joint venture. 193 will immediately begin cultivating its slate. Additionally, Legendary’s Chief Marketing & Commercial Officer Blair Rich will oversee the marketing for 193 projects.