WHAT'S HOT?

Summit Entertainment and Lionsgate Enter Negotiation for Merger

November 29, 2011 06:44:16 GMT

The home of 'Twilight Saga' and the house of 'The Hunger Games' are in serious talks to solve pricing and management control issues and reach a merger deal.


Summit Entertainment and Lionsgate Enter Negotiation for Merger
See larger image

Two Hollywood big studios, Summit Entertainment and Lionsgate, could end up working hand in hand instead of rivaling each other. Sources said that the home of "Twilight Saga" movie series have been in early stage of a negotiation for a possible merger with the studio behind the upcoming potential big movie "The Hunger Games".

The two companies, which are headquartered around the block from each other in Santa Monica, have pursued on-and-off merger talks since late 2008, according to people familiar to the situation. The discussions always met a dead-end due to key issues of pricing and management control, but they never abandoned their talks.

This time around, the negotiations are said to become more serious. Still, it should be noted that there's no assurance whether or not a deal would be reached. Rumor has it, Summit have other suitors for the merger plan. As of press time, spokespersons for both Summit and Lionsgate declined to comment on the whole rumors.

Summit have gained major cash cow from "Twilight Saga" movie franchise since the first film was launched three years ago. Most recently, from two-week release of "The Twilight Saga's Breaking Dawn Part I" alone, the studio has so far collected a total of $221.3 million domestically and $489.3 million worldwide. Next, they are eying a big hit with its follow-up "The Twilight Saga's Breaking Dawn Part II" which is due in the U.S. on November 16, 2012.

As for Lionsgate, the studio have profited from their successful TV series like "Mad Men" and "Nurse Jackie". They are now preparing for the release of "The Hunger Games", a big screen adaptation of a young-adult book which draws comparison to the Summit work of "Twilight". Through the Jennifer Lawrence-starring movie, they are eying to launch a big franchise potential of trilogy movies.

© AceShowbiz.com




Post Your Comments

posted by Greg on Nov 30, 2011
"studio", like "band" and "class", can be treated as plural if you emphasize on the people in it. you should do your research more thoroughly before criticizing because it's clear that the writer treat "studio" as plural IN PURPOSE, and he/she's been consistent with his/her choice by using the plural pronoun as well. look at the two last paragraphs. the writer uses "they" as a pronoun for "Summit," instead of IT. the same goes for "Lionsgate" in the last paragraph.
posted by SaraWhute on Nov 29, 2011
Great eye, Scott! Summit or Lionsgate is A studio, ONE HAS, not HAVE i.e. Sources said that the home of "Twilight Saga" movie series HAS been, not HAVE Summit HAS gained, not HAVE As for Lonsgate, the studio HAS profited, not HAVE Also, did the writer mean MAJOR CASH FLOW instead of MAJOR CASH COW? And what are WHOLE RUMORS? . . . and so on and so on
posted by scott on Nov 29, 2011
Wow, this is a terribly written article. Whoever wrote this should have an editor reread before publishing... this is just sad altogether. This is either not an english correspondant or not someone who ever passed above tenth grade english. Sad!

Screen Name
Please Enter   
Comment
 
 
RSS
FB
Twitter