November 29, 2011 |
Lions Gate Entertainment and Summit Entertainment are back in merger talks that would combine two of Hollywood's largest independent studios, according to people with knowledge of the negotiations who are not authorized to speak publicly. Should a deal be consummated, it would bring together one of the movie industry's most successful young adult franchises, Summit's "Twilight," with one of the most highly anticipated new series, "The Hunger Games," from Lions Gate. The two companies, headquartered around the block from each other in Santa Monica, have held on-and-off merger talks since late 2008 but were unable to resolve key issues of price and management control.
December 12, 2009 |
Roman Polanski may still be in Switzerland, but his movie will be coming to the U.S. The director, who is caught in legal limbo abroad, will see his new movie -- a thriller called "The Ghost Writer" -- released in the U.S. by Summit Entertainment, the studio behind the phenomenally successful "Twilight" franchise. The company plans on a quick turnaround, releasing the Polanski film sometime in the first half of 2010. "Ghost Writer" did not previously have a U.S. distributor. The embattled Polanski is currently living in his Swiss chalet after being released from jail on $4.5-million bail.
April 20, 2007 |
Two film veterans have become the latest Hollywood players to tap into the gusher of money Wall Street is putting into the movie business by arranging a $1-billion credit line. Patrick Wachsberger, chief executive of foreign sales and distribution company Summit Entertainment, and Robert Friedman, former head of marketing and distribution for Paramount Pictures Motion Picture Group, aim to use the money from Merrill Lynch & Co.
November 24, 2009 |
Summit Entertainment's estimates of how many filmgoers outside North America saw "The Twilight Saga: New Moon" was low. Way low. After more information rolled in from overseas markets, the independent studio updated its estimate of ticket sales in the 24 countries where its blockbuster vampire movie played over the weekend. Its new opening weekend overseas total, $132.1 million, is $14 million, or 12%, higher than its estimate Sunday morning of $118.1 million. Combined with the newly updated domestic total of $142.
January 10, 2012 |
"The Devil Inside" was a surprise hit at the box office this weekend - a micro-budget horror film with no stars and plenty of bad reviews, the film came out of nowhere to gross $33.7 million and become the third-highest January opening in Hollywood history. But far from a novelty, "Devil Inside" is the first in a new wave of films that use the conceit of "found footage" - movies that blend fantastical plot lines with supposedly real video - due for release in the coming year.
May 27, 2011 |
Summit Entertainment has set a pay-television plan for its post-"Twilight" era, signing an exclusive agreement for its movies with HBO that runs from 2013 until 2017. The Santa Monica independent studio is switching away from HBO rival Showtime: Its current deal to distribute its movies on Showtime expires at the end of next year. The Showtime agreement, reached in late 2008, includes all of Summit's five "Twilight" movies, the last two of which are scheduled to hit theaters in November 2011 and November 2012.