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Submitted by alycakes 128d ago | news

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. (Industry, Lionsgate, Summit Entertainment)

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Comments (6)
alycakes  +   130d 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.
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MinimeJer05  +   128d 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.
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alycakes  +   128d ago
I think they'll have an opportunity to do better things now.
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Erudito87  +   128d ago
get ready for saw meets twilight :)
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iceman2929  +   128d ago
bahahaha "sawlight... now all you see is darkness."
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alycakes  +   128d ago
That's a good one! I think they will have a lot of good movies coming out in the next few years but I hope they aren't all like Twilight.
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