Variety (subscription required) reports that recently formed Legendary Pictures is putting up no less than half the production budget for Warner Bros. Pictures’ Superman Returns — as well as having footed half the bill of Batman Begins:
By partnering on a big-ticket item like “Superman” and spreading the risk around, Warner Bros. Pictures can display fiscal responsibility. The high-profile film, directed by Bryan Singer, is still under way shooting in Australia for another few weeks, having begun lensing in the spring.
Sources on the production suggest that the film’s budget is already north of the $208 million being spent on Universal’s “King Kong,” although insiders say the price tag is actually around $175-180 million, factoring in the substantial tax incentives offered in Australia.
Tull said he didn’t mind that Legendary wasn’t able to have a producing credit on “Batman” when the film hit the theaters. Legendary does have a credit on the DVD, which was released earlier this month. Film has grossed more than $200 million at the domestic box office, and $370 million worldwide.
The full article can be read at the link above.