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| Founded | 1996 (as Summit Entertainment LLC.) April 19, 2007[1] |
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| Headquarters | Universal City, CA, USA |
| Key people | Rob Friedman, Patrick Wachsberger |
| Industry | Motion picture |
| Website | http://www.summit-ent.com/ |
Summit Entertainment (formerly Summit Entertainment NV) is an independent American film studio headquartered in Universal City, California with offices in London.[2]
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History
Summit was originally founded in the early 1990s and launched in 1996 by Patrick Wachsberger, Bob Hayward and David Garrett under the name Summit Entertainment LP as a production, distribution, and sales organization. In 2006, it became a fully independent film studio, Summit Entertainment, with the addition of Rob Friedman, a former executive at Paramount Pictures.[3] The new company added major development, production, acquisitions, marketing and distribution branches with a financing deal led by Merrill Lynch and other investors giving it access to over $1 billion in financing.[4]
After a string of flops including P2, Penelope, Never Back Down and Sex Drive, Summit finally found success in November 2008 with the release of Twilight, a teen romance about vampires based on the best-selling book of the same name by Stephenie Meyer that made $383,530,753 worldwide. In the spring of 2009, Summit released Knowing, the company's second movie to open #1 at the box office and made $182,492,056 worldwide. Recent films for Summit include Next Day Air ($10,027,047), The Hurt Locker ($15,218,783 worldwide), an action-thriller war-themed film directed by Kathryn Bigelow which has received two 2009 Independent Spirit Award nominations, the animated film Astro Boy, the teenage horror Sorority Row ($14,826,298 worldwide), and the highly anticipated New Moon.
In 2008, Summit ranked 8th place among the studios, with a gross of $226.5 million, almost entirely because of the release of Twilight.[5] And in 2009, Summit is currently ranked 7th among studios with a gross of $428.4.[6]
In the weekend spanning November 21-23, 2009, Summit Entertainment's sequel to the runaway hit "Twilight," titled "The Twilight Saga: New Moon" also based on the popular novel by Stephenie Meyer, broke box office records in its first weekend and opened at #1, grossing $142,839,137 in its first weekend, posting the third all-time best weekend box office figure, third only to Columbia Pictures' "Spider-Man 3'" ($151,116,516) and Warner Bros. Pictures' Batman film "The Dark Knight" ($158,411,483.) CinemaScore audiences rated "New Moon" with an A-.
The third chapter of the Twilight saga titled "Eclipse" has already been greenlit by Summit and was filmed in August-October of 2009, with a release date set for June 30, 2010.
Films
References
- ^ http://www.summit-ent.com/news.php?news_id=53
- ^ Summit Entertainment LLC, BusinessWeek. Retrieved 2008-11-24.
- ^ Barnes, Brooks, For Studio, Vampire Movie Is a Cinderella Story, New York Times, 2009-11-19. Retrieved 2008-11-24.
- ^ Barnes, Brooks, Summit Entertainment's $1 Billion Deal, Portfolio, 2007-04-19. Retrieved 2008-11-24.
- ^ "Studio Market Share". Box Office Mojo. http://www.boxofficemojo.com/studio/?view=company&view2=yearly&yr=2008&p=.htm. Retrieved 2009-01-18.
- ^ "Studio Market Share". Box Office Mojo. http://www.boxofficemojo.com/studio/?view=company&view2=yearly&yr=2009&p=.htm. Retrieved 2009-01-18.
External links
This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)
