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 »
Similar News Items
The Hurt Locker (2008)- Toronto Start For "Crimson Peak" - July 2013 (From SneakPeek. 15 May 2013, 10:10 AM, PDT)
- Kathryn Bigelow, Jon Avnet, Anne Coates Tapped For AFI Degrees (From Variety - Film News. 14 May 2013, 9:00 AM, PDT)
- Dodd Calls for Less Vilification of Hollywood in Law School Address (From The Wrap. 13 May 2013, 1:57 PM, PDT)
Source Code (2011)
- Star Trek and Source Code Stars in Talks to Play Princely Brothers in Into The Woods (From ScifiMafia. 15 May 2013, 1:00 PM, PDT)
- Top 10 games that should be movies – and their ideal directors (From The Guardian - Film News. 15 May 2013, 7:40 AM, PDT)
- Giveaway - Win Tomorrow You're Gone on DVD (From Flickeringmyth. 13 May 2013, 9:55 AM, PDT)
Twilight (2008/I)
- Kristen Stewart Attached to 'Lie Down in Darkness' (From The Wrap. 2 August 2012, 1:20 PM, PDT)
- Will Kristen Stewart's Infidelity Derail the 'Snow White,' 'Twilight' Franchises? (From The Wrap. 26 July 2012, 4:53 PM, PDT)
- Lionsgate U.K. Uses Taylor Lautner to Help Fuel 'Hunger Games' (Exclusive) (From The Hollywood Reporter. 26 March 2012, 9:02 AM, PDT)
company.