SoftBank Corp. Investing $250 Million In Legendary Entertainment

Legendary Entertainment looks like a good investment since they have a number of hit movies under their belts in recent years. So good an investment that SoftBank Corp. is making a major investment into the production company.

According to the Los Angeles Times:

SoftBank Corp. is making its first investment in a Hollywood studio as the Japanese technology giant seeks to bring more content to its mobile and digital networks. 

The cash-flush company said Thursday that it will invest $250 million in Legendary Entertainment, the Burbank production house and financier behind recent movies including "Godzilla" and "300: Rise of an Empire." 

SoftBank owns major stakes in industries including Internet and e-commerce, and it has been looking around Hollywood for a studio play.

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