Legendary Pictures’ distribution contract with Warner Brothers Pictures ends at the end of this year, and it doesn’t look like it’ll get renewed. That’s because Legendary has signed a new distribution deal with NBCUniversal, owners of, among other things, Universal Pictures. This deal would give the company leeway for entry into the television market, a task that proved to be difficult to achieve under Warner.

The business side of Legendary Pictures is relatively unknown to the general film audience, but in reality, they have been responsible for the biggest hits film has seen in the past decade. With Warner Bros. by their side, Legendary has financed and produced big-budget films such as “The Dark Knight,” “The Hangover,” “Inception” and “300.”

With no signs of slowing down, Legendary currently has four films in pre-production, including the high-caliber sequel to “300” , as well as another American-produced rendition of “Godzilla.” Legendary and Warner have been on a hot streak for years, but it seems like that band has now broken up.

So, what does that mean for upcoming projects? For starters, Legendary is reportedly being pulled off of major Warner projects, including the upcoming superhero powerhouse “Batman vs. Superman.” However, Legendary isn’t the only one getting chewed upon, as the upcoming film “Seventh Son” are being snatched away from under Warner’s boots by Universal.

If history can show us the light, it will most likely be Warner Bros. that takes the biggest hit after this separation. A good example is Paramount Pictures.

Paramount used to be a juggernaut, thanks to the distribution rights to films from Marvel Studios and Dreamworks Animation SKG. However, with Marvel being picked up by Walt Disney Pictures and Dreamworks Animation leaving for 20th Century Fox, many of Paramount’s big name properties are now gone, now leaving them to rely on the “Star Trek,” “Anchorman” and “Jackass” series to rack in a large amount of revenue.

Warner is still one of the highest grossing studios in Hollywood. They still have two upcoming “Hobbit” films to bring in high revenue and the DC Comics properties aren’t going anywhere any time soon. They definitely won’t feel the same shake that Paramount is feeling, but they’ll definitely take one legendary hit to the gut.