Legendary Entertainment President Jon Jashni to Exit Company
The exec is leaving to form Raintree Ventures, which will invest in immersive content.
Legendary Pictures president Jon Jashni, who has spent the last 10 years with the company, is leaving in order to found Raintree Ventures, an investment and incubation fund operating in the entertainment space.
Jashni joined Legendary, run by chairman Thomas Tull, in January 2006 and has been integrally involved since that time in helping to evolve the company from a film-financing entity into a diversified, multiplatform media company.
“Jon has helped me build Legendary as a trusted advisor, friend and collaborator, and I couldn’t be more proud of his contributions over the last decade,” Tull said Monday in a statement.
The move comes after January’s deal between Legendary and Wanda, in which the Chinese conglomerate agreed to buy the company for $3.5 billion.
The announcement, made by Tull, said that "Jashni will next focus on Raintree Ventures, which will invest in and build immersive content and location-based experiences." Jashni will continue to collaborate with Tull in "identifying and co-investing in select content and tech opportunities."
Before joining Legendary, Jashni served in a wide array of positions, among them as president of Hyde Park Entertainment, senior vp of 20th Century Fox, president of Irving Azoff's Giant Pictures and a creative executive at Columbia Pictures.