14 January 2012 10:47 AM, PST | The Playlist | See recent The Playlist news »

$412.5 million. That's how much Lionsgate just paid to acquire Summit in a deal that closed this week. Summit have made a name for themselves thanks to the massive global box office of the "Twilight" films, and over the years, stamped themselves as players with small films that exceeded expectations: "Knowing," "50/50," "Red," "Source Code," "Letters To Juliet" and Best Picture winner "The Hurt Locker" (which won the Oscar despite a terrible reception at the box office). But let's be honest, Lionsgate didn't buy Summit for those. They want the bloodsuckers and werewolves. Twihards will likely rejoice at the suggestion that, while it's far from being official, Lionsgate chief Jon Feltheimer is keeping the flame for a fifth movie alive. Speaking to Company Town, the executive made it clear that it pretty much makes zero business sense to stop a lucrative franchise at the height of its »

Report a problem

Similar News Items

The Hurt Locker (2008)
Source Code (2011)
Twilight (2008/I)

IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.

See our NewsDesk partners