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Endpoint: Summit Entertainment



created on: 9/09/2015
by: Lo55o (12475)
 
 

Brand properties

General info :
Summit Entertainment is a brand name of Summit Entertainment LLC (formerly Summit Entertainment LP), an American film production company and distributor.
It is a subsidiary of Lions Gate Entertainment, headquartered in Universal City, California with international offices in London.

Summit was originally founded in 1991 by film producers Bernd Eichinger, Arnon Milchan, and Andrew G. Vajna, initially to handle film sales in foreign countries.
Summit later expanded into producing and co-financing films in 1995, and started fully financing films by 1997.
Summit officially launched in 1993 by Patrick Wachsberger, Bob Hayward and David Garrett under the name Summit Entertainment LP as a production, distribution, and sales organization.
Among the company's early successes was American Pie, which Summit distributed outside of English-speaking territories.
In 2006, it became a fully independent film production company, Summit Entertainment, with the addition of Rob Friedman, a former executive at Paramount Pictures.
The new company added major development, production, acquisitions, marketing and distribution branches with a financing deal led by Merrill Lynch and other investors giving it access to over $1 billion in financing.
With that, Summit established the home video distribution due to the production of the Twilight film series. Summit is also distributed theatrically and on DVD in Europe and in Canada by Entertainment One.
In 2008, Summit ranked in eighth place among the studios, with a gross of $226.5 million, almost entirely because of the release of Twilight.
In 2009, Summit ranked 7th among studios with a gross of $482.5 million.
2008, merger talks between Summit and Lions Gate Entertainment were the subject of media speculation, but no deal was finalized at that time.
On February 1, 2009, it was announced that Lionsgate would acquire Summit, along with its library of six films and rights to the Twilight franchise, but two days later, these merger negotiations broke down due to concerns over changing content.
On January 13, 2012, Lions Gate Entertainment acquired Summit for $412.5 million.
(From Wikipedia, the free encyclopedia - 2015)
ENA's Summit

Movies

(175 items)

Item number : 4264

Submitted by : Lo55o (12475)
on : 09/09/2015