
The Canadian film and television distribution company Lionsgate Entertainment is reportedly in talks to merge with Summit. Lionsgate has already gobbled up several other production facilities and distributors, such as Trimark, Cinepix and Artisan Entertainment. This from
Lionsgate and Summit Entertainment are in talks to merge their two companies, according to two people familiar with the negotiations. The plan, if the deal goes through, is for Lionsgate to buy Summit’s library of six films and the rights to the “Twilight” franchise. Early talks last year involved the merger of only the domestic divisions, under the terms of the reported deal. Executives at Lionsgate and Summit declined to comment for this story. But one Lionsgate executive, who declined to speak for attribution, said: “At this time there are no new conversations.” Rumors of a proposed merger have abounded for months, and other executives familiar with the terms said the deal made sense.
Notable films from Lions Gate have included American Psycho, Gods and Monsters, Dogma, Saw, and Fahrenheit 9/11–and Lionsgate is in the works with MGM and Paramount/Viacom to launch a new premium TV channel that will be similar to HBO or Showtime.
If the studios do merge, what does this mean for New Moon? I’m thinking not too much will change, except the distribution of the film may improve since Lionsgate is a larger company than Summit. Oh, and the titles you see at the beginning of the film may say Lionsgate!
Lionsgate In Talks To Buy Summit?
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