claim: Legendary Entertainment is independently owned and operated.
evidence: A subsidiary , subsidiary company or daughter company is a company that is owned or controlled by another company , which is called the parent company , parent , or holding company .. company. company ( law ). parent company. parent company. holding company. holding company. The subsidiary can be a company , corporation , or limited liability company .. company. company ( law ). corporation. corporation. limited liability company. limited liability company. In some cases it is a government or state-owned enterprise .. state-owned enterprise. state-owned enterprise. In some cases , particularly in the music and book publishing industries , subsidiaries are referred to as imprints .. imprints. imprint ( trade name ). In the United States railroad industry , an operating subsidiary is a company that is a subsidiary but operates with its own identity , locomotives and rolling stock .. company. company ( law ). railroad. railroad. rolling stock. rolling stock. In contrast , a non-operating subsidiary would exist on paper only -LRB- i.e. , stocks , bonds , articles of incorporation -RRB- and would use the identity of the parent company .. company. company ( law ). parent company. parent company. Subsidiaries are a common feature of business life , and all multinational corporations organize their operations in this way .. Examples include holding companies such as Berkshire Hathaway , Leucadia National Corporation , Time Warner , or Citigroup ; as well as more focused companies such as IBM or Xerox .. holding companies. holding company. Berkshire Hathaway. Berkshire Hathaway. Leucadia National Corporation. Leucadia National Corporation. Time Warner. Time Warner. Citigroup. Citigroup. IBM. IBM. Xerox. Xerox Corporation. These , and others , organize their businesses into national and functional subsidiaries , often with multiple levels of subsidiaries .