If Summit Entertainment is actually serious about a merger or a sale, the company has the benefit of wheeling and dealing while it is at a high-water mark. Summit announced today that The Twilight Saga: Breaking Dawn — Part 1, flew past $500 million in global box office in just 12 days. The film is at $508 million today. It was released November 18 and single-handedly has brightened the overall box office picture. The film has generated $223 million domestic, making it one of only 12 films to reach $220 million in 10 days. Creatively, I thought the movie would have been much better had director Bill Condon finished Stephenie Meyer’s Breaking Dawn book in one movie. Let’s face it, the Bella (Kristen Stewart) and Edward (Robert Pattinson) wedding and subsequent pregnancy were sooooo drawn out, and nothing much happened. But then again, I am not a teenage girl or a Summit executive looking at another half-billion dollar haul once the second installment comes out next November 16.

Said Summit Entertainment’s co-chairmen Rob Friedman and Patrick Wachsberger: “We couldn’t be more pleased with the success of this film and a franchise that the fans have continued to support over the past several years. Thank you to all involved with the films from the actors, filmmakers and Stephenie Meyer to the most important group of all, the global fan base that continues to drive a desire for more Edward, Jacob and Bella.”