Apollo (NYSE: APO), a global alternative asset manager, has made a $760 million equity investment in Legendary Entertainment, a global media company that develops, produces, distributes and finances major motion picture and TV projects.

Legendary is known for its content across genres and platforms as well as maintaining leading comic book, VR, licensing and merchandising divisions. The firm has produced and co-financed top grossing box office franchises including Dune, Godzilla vs Kong, and TV series like Lost in Space and Carnival Row.

The investment will see significant growth plans for Legendary, as well as potential synergies with Apollo’s equity portfolio. The two firm’s expect strong potential M&A opportunities.

“We are excited to welcome Apollo as a new shareholder in Legendary and equally important as a thought partner in our business,” saidLegendary CEO Joshua Grode. “This fund investment from Apollo validates our success to-date and invigorates our growth plans with a strategic capital partner who shares our goal to grow the business.