Legendary founder quits post

Industry insiders say executives often leave in the wake of new ownership

Thomas Tull, founder and CEO of Legendary Entertainment, will be leaving the Hollywood studio, reportedly due to pressure from Dalian Wanda Group.

Jack Gao, Wanda's CEO and senior vice-president of international investments and operations, will manage Legendary while it seeks a new CEO, according to the Hollywood Reporter, which first reported the departure.