The L.A. Times has a great article on Summit Entertainment’s mega success with the “Twilight Saga” Call it what you will, but I think we TwiFolk have finally arrived, because the numbers don’t lie.
When you factor in the original film’s $383.8 million in worldwide grosses with the $700 million or more in worldwide grosses that “New Moon” could eventually roll up, Summit Entertainment will soon find itself having the biggest true independent film franchise in recent history.
Indie studios have rarely, if ever, had the cushion of such a cozy franchise piggy bank. So when an indie studio has a bad year, it’s really a bad year. The high ledge can look awfully tempting. It’s why in the Miramax days, the Weinstein brothers created the genre-based Dimension division, which gave Bob Weinstein the opportunity to develop such cash cows as the “Scary Movie” franchise, the “Scream” series and the “Spy Kids” saga. Ditto for Lionsgate with its long-running “Saw” horror showcase. However, even though the six “Saw” movies have racked up an impressive $711.8 million in worldwide grosses, it’s likely that Summit, with just the first two installments in its ”Twilight” series, will end up leaving “Saw” in its wake. It doesn’t mean that Summit’s future is secure. The studio eventually will have to prove that it’s more than a one-trick pony. But for now, Summit has some pretty serious bragging rights, proving that being an indie studio no longer means you have to be a second-class power, even when it comes to playing with the big boys in the franchise game.
And there you have it, Twilight is truly a phenomenon. These numbers are astronomical. Remember when Titanic came out? All the fuss over that movie, I was beyond guilty and obsessed. I saw Titanic13 times(ok I’m mad I just revealed that to the world) and The Twilight Saga will surpass that easily, and I feel that long after all of this has died down…they’ll still be talking about Twilight & we the loyal fans for decades to come.
(Source L.A. Times, Thanks Diana!)









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