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100°

It's Official: Lionsgate Buying 'Twilight' Studio Summit Entertainment

THR:
The deal means the privately owned studio behind the hit "Twilight" movie franchise will now be part of the mini-conglomerate that will release "The Hunger Games" in March.

Lionsgate announced Friday it has closed its leveraged buyout of Summit Entertainment in a deal for $412.5 million in cash and stock and the assumption of Summit’s $500 million debt.

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hollywoodreporter.com
alycakes4487d ago

It's amazing how much debt a movie studio gets into after all...even though they make all that money when movies come out. They need to learn how to make movies a little cheaper like they used to in the past.

MinimeJer054485d ago

I'm curious to see what this means. Will Lionsgate switch focus from cheap horror to everything? Summit has released some good stuff lately like 50/50 and The Hurt Locker.

alycakes4485d ago

I think they'll have an opportunity to do better things now.

SnakeCQC4485d ago

get ready for saw meets twilight :)

iceman29294485d ago

bahahaha "sawlight... now all you see is darkness."

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20°
9.0

Sisu Review – The Gold Standard for Gritty Action - The Outerhaven

In Sisu, a lone prospector takes on a division of German soldiers at the end of WWII. Read what we thought of this action-packed thrill ride in The Outerhaven's Sisu review.

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theouterhaven.net
30°

The Real Reason Netflix Paid Over $450 Million For Knives Out 2 And 3

At the end of March 2021, shock waves went through Hollywood when Netflix announced that it would produce not one, but two sequels to Rian Johnson's 2019 whodunit Knives Out — for a hefty sum.

40°

Josh Gad Heads to Outer Space for Roland Emmerich’s ‘Moonfall’

Josh Gad has been cast in Roland Emmerich’s science-fiction project “Moonfall,” which has been set up at Lionsgate.