Legendary Entertainment has bought out Dalian Wanda Group's stake, regaining full control of the studio with its own financial resources, thereby eliminating any foreign ownership regulatory hurdles. This strategic move allows Legendary, known for franchises like 'Dune' and 'Godzilla,' to explore acquisition opportunities, focusing on companies with strong intellectual property and creative talent. The transaction ensures that Legendary remains on solid financial footing, with liquidity for future expansions and positions it for potential mergers. Legendary's control is now equally shared with Apollo Global Management, which acquired a minority stake in 2022, facilitating a more aligned growth path. The buyout marks Wanda's significant retreat from Hollywood, a shift from its 2016 ambition to expand its influence in the global entertainment industry. Legendary CEO Josh Grode emphasizes growth in content production while cautiously approaching oversaturated areas like AI technology.