Summit Entertainment | featured news

Bringing Hollywood's two biggest independent film studios and the blockbuster young adult franchises "Twilight" and "The Hunger Games" into one powerful entity, Lions Gate Entertainment has agreed to acquire Summit Entertainment for $412.5 million in cash and stock.

Lions Gate Entertainment is close to an agreement to acquire Summit Entertainment, the studio behind the "Twilight" movies, in a deal expected to close as early as this week, according to people familiar with the matter.

Summit Entertainment's The Twilight Saga: Breaking Dawn--Part 1 had no trouble retaining the No. 1 crown, grossing $16.9 million for a domestic cume of $247.3 million. The fourth installment is still pacing slightly behind The Twilight Saga: New Moon, which opened over Thanksgiving in 2009. At the same point in its run New Moon had earned $255.4 million domestically.

Summit Entertainment's The Twilight Saga: Breaking Dawn--Part 1 opened with a sharp bite around the globe, grossing $139.5 million domestically and $144 million overseas for a franchise best $283.5 million.

Bringing the domestic box office to life, Summit Entertainment's The Twilight Saga: Breaking Dawn Part 1 grossed $72 million on Friday for a projected weekend opening in the $140 million range. Bowing day and date in 54 territories, the film has grossed another $66 million internationally.

The Kristen Stewart, Robert Pattinson, Taylor Lautner starrer rolled out in thousands of theaters at 12:01 a.m. Friday. Summit Entertainment's The Twilight Saga: Breaking Dawn-Part 1 grossed $30.3 million in midnight runs as fans rushed to see the second-to-last installment in the blockbuster franchise.

After keeping a tight lid on its epic undead finale, Summit Entertainment has begun to shine a light on its famous vampires, sending out a mass of photo stills from "The Twilight Saga: Breaking Dawn." Featuring stars Kristen Stewart and Robert Pattinson dramatically embracing, both while clothed and nude in a waterfall; evil vampires the Volturi, led by Michael Sheen; werewolf Taylor Lautner in constant action; and strikingly beautiful blonde vampire bridesmaids.

Bruce Willis, Helen Mirren, and Morgan Freeman all co-star in "Red," a crazy hit-man action comedy for Summit Entertainment.

The Breaking Dawn Director has yet to be officially announced, however Summit Entertainment has now confirmed that they are currently in negotiations with 'Dreamgirls' director Bill Condon . Condon won an Academy Award in 1999 for 'Gods and Monsters' in the Best Writing catagory.

Summit Entertainment announced today that the trailer for The Twilight Saga: Eclipse will hit theaters with the the studio's own Remember Me , which also stars Robert Pattinson, on March 12th. The trailer is expected to be released online earlier that week.