2 items from 2014
Lionsgate and Summit have merged their marketing divisions into one entity, it was announced Thursday, forcing the ouster of longtime Summit marketing exec Nancy Kirkpatrick, who oversaw the “Twilight” and “Divergent” campaigns at the company.
As a result, Tim Palen, Lionsgate’s chief marketing officer, will have marketing oversight of the Lionsgate and Summit film labels as well as its Pantelion Films joint venture with Televisa and its urban Codeblack Films label. Palen oversaw marketing of the two “Hunger Games” films, which have grossed more than $1.6 billion.
Kirkpatrick, who has served as Summit Entertainment’s president of worldwide marketing for the past six years, will resign at the end of this month.
“Now was the right time to take the next step in integrating the marketing departments of our Lionsgate and Summit film labels as we continue to achieve significant operational synergies following the acquisition of Summit Entertainment two years ago, »
- Dave McNary
A financier to the original “Twilight” movie is claiming that it is owed millions of dollars plus interest from Summit Distribution because of “erroneous, deceptive and improper accounting practices.”
Goldcrest Film Distribution, in a lawsuit filed in Los Angeles Superior Court on Wednesday, said that it entered into an agreement with Summit in March, 2008, in which it bought certain distribution rights to “Twilight” in a pre-sale, and paid Summit $10 million to help cover the cost of making movie and three other films. Goldcrest claims that it was entitled to a portion of the worldwide net revenues from the films.
But Goldcrest claims that Summit understated the “Twilight” revenues and overstated its costs. It claims that Summit “improperly included” $6 million in retroactive bonuses to stars Kristen Stewart and Robert Pattinson as charges against the production, misrepresenting them as third-party participations. The suit alleges that the bonuses were charged to “Twilight” as »
- Ted Johnson
2 items from 2014
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