Summit Entertainment
Parent Lionsgate Films (2012–present) | | |
Divisions | Summit Records Summit Premiere | |
---|---|---|
Subsidiaries | International Distribution Company, LLC (joint venture with Pedro Rodriguez) |
Summit Entertainment, LLC is an American film
History
Independent era (1991–2012)
Summit Entertainment was founded in 1991
Starting in 2007, Summit Entertainment's home video division was distributed by
After a string of flops including P2, Never Back Down and Sex Drive, Summit found success in November 2008 with the release of Twilight, a teen romance about vampires based on the best-selling book of the same name by Stephenie Meyer that made $408,773,703 worldwide. In the spring of 2009, Summit released Knowing, the company's second movie to open #1 at the box office and made $182,492,056 worldwide.
In November 2009, Summit released the sequel to Twilight titled The Twilight Saga: New Moon, also based on the popular novel by Stephenie Meyer, breaking box office records for first weekend grosses at the time, taking in $142,839,137 in the first three days.[5] In June 2010 Summit released the third film of the Twilight series, The Twilight Saga: Eclipse. It broke a midnight screening record of over $30 million and set a one-day Wednesday record of $68.5 million. It became the first movie in the series to cross the $300 million mark domestically.
In 2008, Summit Entertainment ranked in eighth place among the studios, with a gross of $226.5 million, almost entirely because of the release of Twilight.[6] In 2009, Summit ranked 7th among studios with a gross of $482.5 million.[7]
Other Summit Entertainment releases include:
Lionsgate era (2012–present)
On February 1, 2009, it was announced that Lionsgate would acquire Summit Entertainment, along with its library of six films and rights to the Twilight franchise,[8] but two days later, these merger negotiations broke down due to concerns over changing content.[9] On January 13, 2012, Lionsgate officially acquired Summit Entertainment for $412.5 million.[10] Lionsgate continues to operate Summit Entertainment as a label.
See also
References
- ^ "Summit Entertainment LLC", BusinessWeek. Retrieved November 24, 2008.
- ^ . Retrieved November 14, 2010.
- ^ Barnes, Brooks, For Studio, Vampire Movie Is a Cinderella Story, New York Times, November 19, 2009. Retrieved November 24, 2008.
- ^ McNary, Dave (May 18, 2007). "Summit, Universal make distrib pact". Variety. Retrieved November 9, 2021.
- ^ TOP OPENING GROSSES BY DAYS IN RELEASE, Box Office Mojo, March, 2016.
- ^ "2008 Studio Market Share". Box Office Mojo. Retrieved December 30, 2011.
- ^ "2009 Studio Market Share". Box Office Mojo. Retrieved December 20, 2011.
- ^ Waxman, Sharon, Lionsgate May Buy Summit, The Wrap, February 1, 2009. Retrieved August 22, 2010.
- ^ Spelling, Nicole, "'Twilight' studio Summit unlikely to merge with Lionsgate", The Hollywood Insider, February 3, 2009. Retrieved August 22, 2010.
- ^ "It's Official: Lionsgate Has Acquired Summit Entertainment for $412.5 Million", ComingSoon.net, January 13, 2012. Retrieved January 13, 2012.
External links
- Official website (Now redirects to Lionsgate's website)