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BUSINESS
January 14, 2012 | Ben Fritz
Combining Hollywood's two biggest independent film studios and the blockbuster young adult franchises "Twilight" and "The Hunger Games" into one powerful entity, Lions Gate Entertainment has agreed to acquire Summit Entertainment for $412.5 million in cash and stock. The two Santa Monica companies have engaged in on-and-off merger talks since late 2008 as Lions Gate sought to bolster its library of film and TV properties and Summit's investors tried to cash in on the lightning-in-a-bottle success of the "Twilight" movie series, which has grossed $2.5 billion worldwide over four films.
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BUSINESS
January 14, 2012 | Ben Fritz
Combining Hollywood's two biggest independent film studios and the blockbuster young adult franchises "Twilight" and "The Hunger Games" into one powerful entity, Lions Gate Entertainment has agreed to acquire Summit Entertainment for $412.5 million in cash and stock. The two Santa Monica companies have engaged in on-and-off merger talks since late 2008 as Lions Gate sought to bolster its library of film and TV properties and Summit's investors tried to cash in on the lightning-in-a-bottle success of the "Twilight" movie series, which has grossed $2.5 billion worldwide over four films.
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BUSINESS
January 25, 2003 | Claudia Eller
International film companies Intermedia Film Equities USA and Summit Entertainment are combining their overseas sales, marketing and distribution operations. The joint venture will be called I.S. Film Distribution. Summit, privately held and controlled by a management team headed by Chief Executive Patrick Wachsberger, will handle sales on behalf of the venture.
BUSINESS
January 25, 2003 | Claudia Eller
International film companies Intermedia Film Equities USA and Summit Entertainment are combining their overseas sales, marketing and distribution operations. The joint venture will be called I.S. Film Distribution. Summit, privately held and controlled by a management team headed by Chief Executive Patrick Wachsberger, will handle sales on behalf of the venture.
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