UPDATE: I’m told Summit Entertainment to contain costs is considering making sequels #2 and #3 back to back like some other franchises, i.e. Lord Of The Rings, the upcoming Hobbit. The start-up studio announced today that it’s officially moving forward with the production of New Moon, the second installment of its filmed franchise vampire love story Twilight which took the biggest bite out of this weekend’s box office for No. 1. But Summit said nothing about #3 in the series, Eclipse. (I first reported this on October 13th, Summit Readying ‘Twilight’ Sequel.) The follow-up will be based on the second novel in author Stephenie Meyer’s Twilight series titled, New Moon. “I don’t think any other author has had a more positive experience with the makers of her movie adaptation than I have had with Summit Entertainment,” Stephenie Meyer said in the press release. “I’m thrilled to have the chance to work with them again on New Moon.” The enormous success of Twilight in theaters this weekend is a defining moment for start-up studio Summit, which had struggled with its early produce. Meanwhile, on Saturday morning, Twilight stars Robert Pattinson and Kristen Stewart issued a formal “thank you” to fans for their box office support making it the No. 1 movie this weekend and also announced the sequel as well:
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