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‘Jurassic’ Backer Legendary Said Seeking Up to $700 Million

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Legendary Entertainment, the independent Hollywood studio backing “Jurassic World,” is in talks to borrow as much as $700 million to make films in a financing led by JPMorgan Chase & Co. and Bank of America Corp., according to people involved in the discussions.

The studio, led by film producer Thomas Tull, started out seeking to replace an almost $600 million credit facility led by the same two banks that matures in 2016, said the people, who asked not to be named because the negotiations are private. The amount may increase to $700 million because of strong demand, the people said.