It’s Official: Lionsgate purchasing Summit Entertainment
Posted on Jan 13, 2012 by Amy with 8 Comments.

Lions Gate Entertainment Corp., the producers behind “The Hunger Games” film, announced this afternoon that it has completed a transaction to acquire “Twilight Saga” producers Summit Entertainment for a combination of cash and stock valued at $412.5 million.
“We are uniting two powerful entertainment brands, bringing together two world-class feature film franchises to establish a commanding position in the young adult market, strengthening our global distribution infrastructure and creating a scalable platform that will result in significant and accretive financial benefits to Lionsgate shareholders,” said Lionsgate Co-Chairman and Chief Executive Officer Jon Feltheimer and Vice Chairman Michael Burns. ”Rob Friedman and Patrick Wachsberger have built a remarkable organization, and we’re pleased to welcome Summit’s talented team to the Lionsgate family.”
In addition to “The Hunger Games,” Lionsgate is also the studio behind “Abduction,” “Monster’s Ball,” the “Saw” franchise, “Kick Ass,” “The Expendables” and the upcoming “The Expendables 2″ and ”What to Expect When You’re Expecting.” On the television side Lionsgate produces “Mad Men,” “Weeds” and “Nurse Jackie.” With this deal Lionsgate gains the lucrative “Twilight” franchise as well as adding Summit’s Oscar-winning war drama “The Hurt Locker” to its library of 13,000 films and TV shows.














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