Summit Entertainment and Lionsgate Entertainment are in discussions about a possible merger, according to Bloomberg, which cited two unidentified sources with knowledge of the situation. With the first part of the Twilight vampire franchise’s finale coming off a hot worldwide opening, talks that have previously broken down over money and control issues may be heating up again. There also have been rumblings that other companies are interested in a deal with Summit or Lionsgate either separately or in some kind of combination. All the discussions are preliminary and speculative and could easily fall apart. Lionsgate has a fairly large library of movies and TV content that would be vastly enriched by Summit’s TheTwilight Saga franchise. The latest movie, Breaking Dawn Part 1, has generated more than $220 million domestically in its first two weekends plus nearly $270 million overseas. The franchise has grossed in excess of $1 billion. Breaking Dawn Part 2 will be released next year. Lionsgate has its own potential hit franchise based on a comparable set of young-adult novels in The Hunger Games. The first movie opens in March. Lionsgate also has an active TV division that produces Mad Men, Nurse Jackie, Weeds and Boss, among others. An analyst cited by Bloomberg said The Hunger Games and its sequels could generate between $220 million-$733 million in additional cash flow over the next few years.
Lionsgate, Summit In Talks: Bloomberg
What's Hot on Deadline
Earth Will Feel The Power Of The Force Again: Disney's 'Rogue One' On Course For $280M-$350M Global Opening - Preview
'Moana' Pushes 'Office Christmas Party' Off Her Turf; 'La La Land' Hits High Notes - Early AM B.O. Update
'Spider-Man: Homecoming 2' Shoots Web Around Independence Day 2019; 'Bad Boys 4' Moves To Memorial Day
Donald Trump On Role In 'Celebrity Apprentice': "Zero Time" But "Big Stake"; Slams CNN As "Fake News"
Latest Film News
- Watch The ‘Rogue One’ World Premiere Livestream Here
- How ‘La La Land’ Director Damien Chazelle, His Team & Lionsgate Faced The Music & Resurrected The Original…
- ‘Toni Erdmann’ Sweeps European Film Awards; Makes History At Message-Heavy Ceremony – Full List
- Arrested ‘Silicon Valley’ Star T.J. Miller Keeps Critics’ Choice Hosting Gig
- ‘Moana’ Pushes ‘Office Christmas Party’ Off Her Turf; ‘La La Land’ Hits High Notes – Early AM…
- Boston Online Film Critics Name ‘Moonlight’ Best Film Of 2016