Summit Entertainment: Difference between revisions
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{{short description|American film production and distribution company}} |
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{{Infobox_Company |
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{{Use mdy dates|date=June 2013}} |
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| company_name = Summit Entertainment |
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{{Infobox company |
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| company_logo = [[Image:Summit Entertainment Logo.jpg]] |
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| name = Summit Entertainment, LLC |
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| company_type = |
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| logo = [[File:Summit Entertainment logo.svg|frameless|class=skin-invert]] |
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| foundation = 1996 (as Summit Entertainment NV)<br>April 19, 2007<ref>http://www.summit-ent.com/news.php?news_id=53</ref> |
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| logo_size = 200px |
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| location_city = Universal City, CA |
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| logo_caption = Logo used since 2018 |
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| location_country = USA |
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| type = [[Subsidiary]] Label |
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| key_people = [[Rob Friedman]], [[Patrick Wachsberger]] |
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| industry |
| industry = [[Film industry|Motion pictures]] |
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| foundation = {{start date and age|1991|7|26}} |
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| products = |
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| founders = [[Bernd Eichinger]]<br>[[Arnon Milchan]]<br>[[Andrew G. Vajna]] |
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| parent = |
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| location = [[Universal City, California]] (2007–2012)<br>[[Santa Monica, California]] (2012–present) |
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| homepage = http://www.summit-ent.com/ |
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| key_people = Patrick Wachsberger<br>Bob Hayward |
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| products = [[Film|Motion pictures]] |
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| services = [[Film distribution|Film Distribution]]<br>[[Film|Film Production]] |
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| owner = |
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| parent = [[Lionsgate Films]] (2012–present) |
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| divisions = Summit Records<br>Summit Premiere |
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| subsid = [[#International Distribution Company|International Distribution Company, LLC]]<br>(joint venture with Pedro Rodriguez) |
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}} |
}} |
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'''Summit Entertainment, LLC''' (formerly The Summit Group) is an American film production label of [[Lionsgate Films]], owned by [[Lionsgate Studios Corp|Lionsgate Studios]] and is headquartered in [[Santa Monica, California|Santa Monica]], [[California]].<ref>"[https://web.archive.org/web/20090514044639/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=6870288 Summit Entertainment LLC]", ''BusinessWeek''. Retrieved November 24, 2008.</ref> |
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== History == |
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'''Summit Entertainment NV''' is an independent [[United States|American]] [[film studio]] headquartered in [[Universal City, California]] with offices in [[London]], UK.<ref>''[http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=6870288 Summit Entertainment LLC]'', ''[[BusinessWeek]]''. Retrieved [[2008]]-[[11-24]].</ref> |
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=== Independent era (1991–2012) === |
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[[File:Summit Entertainment.jpg|thumb|200px|The company's original logo, used from 1996 to 2007]] |
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Summit Entertainment was founded in 1991 as The Summit Group<ref name="Vampire">Molloy, Claire (2010), p. 16. ''[https://books.google.com/books?id=0peF9oaYE8AC&pg=PA16&dq=summit+entertainment+arnon+milchan&hl=en&ei=- Memento]''. {{ISBN|978-0-7486-3771-3}}. [[Edinburgh University Press]]. Retrieved November 14, 2010.</ref> by film producers [[Bernd Eichinger]] {{small|([[Constantin Film]])}}, [[Arnon Milchan]] {{small|([[Regency Enterprises]])}}, and [[Andrew G. Vajna]] {{small|([[Carolco Pictures]] and [[Cinergi]])}} to handle film sales in foreign countries.<ref name="Vampire"/> Summit officially launched in 1993 by David Garrett, Patrick Wachsberger, and Bob Hayward under the name Summit Entertainment LP as a distribution and sales organization. By 1995 they were producing and co-financing films, and by 1997 they started fully financing films.<ref name="Vampire"/> Among the company's early successes was ''[[American Pie (film)|American Pie]]'', which Summit distributed outside of English-speaking territories.<ref name="Vampire"/> In 1998, Summit acquired worldwide distribution rights to the entire filmography of [[Wim Wenders]], including the then-upcoming ''[[Buena Vista Social Club (film)|Buena Vista Social Club]]'', from [[Road Movies Filmproduktion]]; the deal however excluded ''[[The End of Violence]]'', retained by [[Metro-Goldwyn-Mayer]] and [[Ciby 2000]].<ref>{{cite web|title=Summit nabs Wenders pix|website=[[Variety (magazine)|Variety]]|first=Benedict|last=Carver|date=28 September 1998|access-date=20 October 2024|url=https://variety.com/1998/film/news/summit-nabs-wenders-pix-1117480833/}}</ref> In 2006, it became an independent film studio with over a billion dollars in financing backed by Merrill Lynch.<ref>Barnes, Brooks, ''[https://www.nytimes.com/2008/11/20/business/media/20summit.html For Studio, Vampire Movie Is a Cinderella Story]'', ''New York Times'', November 19, 2009. Retrieved November 24, 2008.</ref> |
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Starting in 2007, Summit Entertainment's home video division was distributed by [[Universal Studios Home Entertainment]].<ref>{{Cite web|last1=McNary|first1=Dave|date=2007-05-18|title=Summit, Universal make distrib pact|url=https://variety.com/2007/digital/features/summit-universal-make-distrib-pact-1117965192/|access-date=2021-11-09|website=Variety|language=en-US}}</ref> |
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==History== |
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After a string of flops including ''[[P2 (film)|P2]]'', ''[[Never Back Down]]'' and ''[[Sex Drive (film)|Sex Drive]]'', Summit found success in November 2008 with the release of ''[[Twilight (2008 film)|Twilight]]'', a teen romance about vampires based on the best-selling book of the same name by [[Stephenie Meyer]] that made $408,773,703 worldwide. In the spring of 2009, Summit released ''[[Knowing (film)|Knowing]]'', the company's second movie to open #1 at the box office and made $182,492,056 worldwide. |
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It was originally founded in the early 1990s and launched in 1996 by [[Patrick Wachsberger]], Bob Hayward and David Garrett under the name '''Summit Entertainment LP''' as a production, distribution, and sales organization. In 2006 it became fully independent under the direction of [[Rob Friedman]] a former executive at [[Paramount Pictures]].<ref>Barnes, Brooks, ''[http://www.nytimes.com/2008/11/20/business/media/20summit.html For Studio, Vampire Movie Is a Cinderella Story]'', ''[[New York Times]]'', [[2009]]-[[11-19]]. Retrieved [[2008]]-[[11-24]].</ref> |
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In November 2009, Summit released the sequel to ''Twilight'' titled ''[[The Twilight Saga: New Moon]]'', also based on the popular novel by Stephenie Meyer, breaking box office records for first weekend grosses at the time, taking in $142,839,137 in the first three days.<ref>''[http://www.boxofficemojo.com/alltime/grossbydays.htm TOP OPENING GROSSES BY DAYS IN RELEASE]'', ''Box Office Mojo'', March, 2016.</ref> In June 2010 Summit released the third film of the ''Twilight'' series, ''[[The Twilight Saga: Eclipse]]''. It broke a midnight screening record of over $30 million and set a one-day Wednesday record of $68.5 million. It became the first movie in the series to cross the $300 million mark domestically. |
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The new company effectively took its prior form but added a major development, acquisitions and marketing branch with a financing deal led by [[Merrill Lynch]] and other investors. The new studio was created with access to over $1 billion for development, production, acquisition, marketing, and distribution.<ref>Barnes, Brooks, ''[http://www.portfolio.com/views/blogs/the-hollywood-deal/2007/04/19/summit-entertainments-1-billion-deal Summit Entertainment's $1 Billion Deal]'', ''[[Portfolio]]'', [[2007]]-[[04-19]]. Retrieved [[2008]]-[[11-24]].</ref> |
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In 2008, Summit Entertainment ranked in eighth place among the studios, with a gross of $226.5 million, almost entirely because of the release of ''[[Twilight (2008 film)|Twilight]]''.<ref>{{cite web |title=2008 Studio Market Share |url=http://www.boxofficemojo.com/studio/?view=company&view2=yearly&yr=2008&p=.htm |publisher=[[Box Office Mojo]] |access-date=December 30, 2011 }}</ref> In 2009, Summit ranked 7th among studios with a gross of $482.5 million.<ref>{{cite web |title=2009 Studio Market Share |url=http://www.boxofficemojo.com/studio/?view=company&view2=yearly&yr=2009&p=.htm |publisher=[[Box Office Mojo]] |access-date=December 20, 2011 }}</ref> |
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Summit Entertainment found success in 2008 with the release of ''[[Twilight (2008 film)|Twilight]]'', a teen romance about vampires, which made more than $70 million in ticket sales in the United States and Canada in its opening weekend.<ref>''[http://www.summit-ent.com/news.php?news_id=51 Summit Entertainment - All Movies]'', [[Box Office Mojo]]. Retrieved [[2008]]-[[11-24]].</ref> The company has also picked up ''[[The Hurt Locker]]'' an action-thriller war-themed film directed by [[Kathryn Bigelow]] which has received two 2008 [[Independent Spirit Award]] nominations in best acting categories for lead [[Jeremy Renner]] and best supporting actor nom for [[Anthony Mackie]].<ref name="Indies">[http://www.variety.com/awardcentral_article/VR1117996677.html?nav=news&categoryid=1983&cs=1 Variety "Film trio feel the Spirit" by Erin Maxwell, Michael Jones, December 2, 2008]</ref> The ''The Hurt Locker'' does not have a 2008 domestic release scheduled, which it would need to qualify for other awards such as the Oscars. |
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Other Summit Entertainment releases include: ''[[Ender's Game (film)|Ender's Game]]'' (released November 1, 2013 in the United States; an adaptation of [[Orson Scott Card]]'s 1985 novel); ''[[Next Day Air]]'' ($10,027,047 US box office); ''[[The Hurt Locker]]'' ($16,400,000 US box office; it garnered Summit its first [[Academy Award for Best Picture|Best Picture]] [[Academy Award|Oscar]]); the animated ''[[Astro Boy (film)|Astro Boy]]''; teen horror film ''[[Sorority Row]]'' ($11,965,282 US box office); the low-budget ''[[Push (2009 film)|Push]]'' ($31,811,527 US box office); ''[[Bandslam]]'' ($5,210,988 US box office); ''[[Letters to Juliet]]'' ($53,032,453 US box office); and, the sleeper hit, ''[[Red (2010 film)|RED]]'' ($87,940,198 US box office; nominated for a 2010 [[Golden Globe Award|Golden Globe]] in the [[Golden Globe Award for Best Motion Picture – Musical or Comedy|Best Motion Picture – Comedy or Musical]] category). |
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In 2008, Summit ranked 8th place among the studios, with a gross of $223 million, almost entirely because of the release of ''[[Twilight (2008 film)|Twilight]]''. |
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=== Lionsgate era (2012–present) === |
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===Distribution=== |
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On February 1, 2009, it was announced that Lionsgate would acquire Summit Entertainment, along with its library of six films and rights to the ''Twilight'' franchise,<ref>Waxman, Sharon, ''[http://www.thewrap.com/movies/article/lionsgate-may-buy-summit-1209 Lionsgate May Buy Summit]'', ''The Wrap'', February 1, 2009. Retrieved August 22, 2010.</ref> but two days later, these merger negotiations broke down due to concerns over changing content.<ref>Spelling, Nicole, "[http://hollywoodinsider.ew.com/2009/02/03/summit-the-stud/ 'Twilight' studio Summit unlikely to merge with Lionsgate]", The Hollywood Insider, February 3, 2009. Retrieved August 22, 2010.</ref> On January 13, 2012, Lionsgate officially acquired Summit Entertainment for $412.5 million.<ref>"[http://www.comingsoon.net/news/movienews.php?id=85972 It's Official: Lionsgate Has Acquired Summit Entertainment for $412.5 Million]", ComingSoon.net, January 13, 2012. Retrieved January 13, 2012.</ref> Lionsgate continues to operate Summit Entertainment as a label. |
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In 2007, Summit began releasing DVDs through a distribution agreement with [[Universal Studios Home Entertainment|Universal Studios]].<ref>''[http://www.summit-ent.com/news.php?news_id=51 SUMMIT ENTERTAINMENT ANNOUNCES DISTRIBUTION AGREEMENT WITH UNIVERSAL STUDIOS]''. Retrieved [[2008]]-[[11-24]].</ref> |
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== |
== See also == |
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* [[List of Summit Entertainment films]] |
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* ''Rock On'' (TBA) |
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* [[Lionsgate]] |
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* ''[[New Moon (2009 film)|New Moon]]'' (2009) |
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* [[Lionsgate Studios Corp|Lionsgate Studios]] |
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* ''[[Sorority Row]]'' (2009) |
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* ''[[Smith v. Summit Entertainment LLC]]'' |
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* ''Astro Boy'' (2009) |
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* ''Push'' (2009) |
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* ''[[Bandslam]]'' (2009) |
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* ''[[The Hurt Locker]]'' (2008-2009?) |
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* ''[[Twilight (2008 film)|Twilight]]'' (2008) |
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* ''Trailer Park of Terror'' (2008) |
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* ''[[Sex Drive|Sexdrive]]'' (2008) |
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* ''[[Never Back Down]]'' (2008) |
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* ''[[Deception (2008 film)|Deception]]'' (2008) |
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* ''[[Penelope (2008 film)|Penelope]]'' (2008) |
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* ''[[Nim's Island]]'' (2008) |
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* ''City of Ember'' (2008) |
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* ''[[Red Cliff (film)|Red Cliff]]'' (2008) |
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* ''[[Step Up 2 The Streets]]'' (2008) |
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* ''[[Strange Wilderness]]'' (2008) |
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* ''[[The Hottie and the Nottie]]'' (2008) |
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* ''[[In the Valley of Elah]]'' (2007) |
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* ''[[Michael Clayton (film)|Michael Clayton]]'' (2007) |
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* ''[[P.S. I Love You (film)|P.S. I Love You]]'' (2007) |
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* ''[[P2 (film)|P2]]'' (2007) |
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* ''[[Resident Evil: Extinction]]'' (2007) |
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* ''[[Bridge to Terabithia]]'' (2007) |
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* ''[[Babel (film)|Babel]]'' (2006) |
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* ''[[Miss Potter]]'' (2006) |
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* ''[[Once (film)|Once]]'' (2006) |
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* ''[[Step Up (film)|Step Up]]'' (2006) |
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* ''[[A Lot Like Love]]'' (2005) |
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* ''[[Mr. & Mrs. Smith (2005 film)|Mr. & Mrs. Smith]]'' (2005) |
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* ''[[Oliver Twist (2005 film)|Oliver Twist]]'' (2005) |
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* ''[[Racing Stripes]]'' (2005) |
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* ''[[Sahara (2005 film)|Sahara]]'' (2005) |
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* ''[[The Brothers Grimm (film)|The Brothers Grimm]]'' (2005) |
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* ''[[The Weather Man]]'' (2005) |
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* ''Tokyo Godfathers'' (2004) (direct-to-video on Special Edition DVD) |
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* ''[[Wrong Turn]] (2003) |
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* ''[[Memento (film)|Memento]] (2000) |
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* ''[[Lock, Stock and Two Smoking Barrels]]'' (1998) |
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* ''[[Fear and Loathing in Las Vegas (film)|Fear and Loathing in Las Vegas]]'' (1998) |
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==References== |
== References == |
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{{ |
{{Reflist}} |
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==External links== |
==External links== |
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* |
* {{Official website|http://www.lionsgate.com}} (Now redirects to Lionsgate's website) |
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* {{imdb company|id=0046206|company=Summit Entertainment}} |
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{{Lionsgate}} |
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[[Category:Film production companies of the United States]] |
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{{Bernd Eichinger}} |
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[[Category:Companies established in 2007]] |
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{{Film Studio}} |
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{{Authority control}} |
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[[Category:1991 establishments in California]] |
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[[id:Summit Entertainment]] |
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[[Category:2012 mergers and acquisitions]] |
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[[pt:Summit Entertainment]] |
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[[Category:American companies established in 1991]] |
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[[Category:American independent film studios]] |
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[[Category:Companies based in Santa Monica, California]] |
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[[Category:Entertainment companies established in 1991]] |
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[[Category:Film distributors of the United States]] |
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[[Category:Film production companies of the United States]] |
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[[Category:Home video companies of the United States]] |
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[[Category:Lionsgate Studios]] |
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[[Category:International sales agents]] |
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[[Category:Bernd Eichinger]] |
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Latest revision as of 05:09, 6 December 2024
 Logo used since 2018 | |
| Company type | Subsidiary Label |
|---|---|
| Industry | Motion pictures |
| Founded | July 26, 1991 |
| Founders | Bernd Eichinger Arnon Milchan Andrew G. Vajna |
| Headquarters | Universal City, California (2007–2012) Santa Monica, California (2012–present) |
Key people | Patrick Wachsberger Bob Hayward |
| Products | Motion pictures |
| Services | Film Distribution Film Production |
| Parent | Lionsgate Films (2012–present) |
| Divisions | Summit Records Summit Premiere |
| Subsidiaries | International Distribution Company, LLC (joint venture with Pedro Rodriguez) |
Summit Entertainment, LLC (formerly The Summit Group) is an American film production label of Lionsgate Films, owned by Lionsgate Studios and is headquartered in Santa Monica, California.[1]
History
[edit]Independent era (1991–2012)
[edit]
Summit Entertainment was founded in 1991 as The Summit Group[2] by film producers Bernd Eichinger (Constantin Film), Arnon Milchan (Regency Enterprises), and Andrew G. Vajna (Carolco Pictures and Cinergi) to handle film sales in foreign countries.[2] Summit officially launched in 1993 by David Garrett, Patrick Wachsberger, and Bob Hayward under the name Summit Entertainment LP as a distribution and sales organization. By 1995 they were producing and co-financing films, and by 1997 they started fully financing films.[2] Among the company's early successes was American Pie, which Summit distributed outside of English-speaking territories.[2] In 1998, Summit acquired worldwide distribution rights to the entire filmography of Wim Wenders, including the then-upcoming Buena Vista Social Club, from Road Movies Filmproduktion; the deal however excluded The End of Violence, retained by Metro-Goldwyn-Mayer and Ciby 2000.[3] In 2006, it became an independent film studio with over a billion dollars in financing backed by Merrill Lynch.[4]
Starting in 2007, Summit Entertainment's home video division was distributed by Universal Studios Home Entertainment.[5]
After a string of flops including P2, Never Back Down and Sex Drive, Summit found success in November 2008 with the release of Twilight, a teen romance about vampires based on the best-selling book of the same name by Stephenie Meyer that made $408,773,703 worldwide. In the spring of 2009, Summit released Knowing, the company's second movie to open #1 at the box office and made $182,492,056 worldwide.
In November 2009, Summit released the sequel to Twilight titled The Twilight Saga: New Moon, also based on the popular novel by Stephenie Meyer, breaking box office records for first weekend grosses at the time, taking in $142,839,137 in the first three days.[6] In June 2010 Summit released the third film of the Twilight series, The Twilight Saga: Eclipse. It broke a midnight screening record of over $30 million and set a one-day Wednesday record of $68.5 million. It became the first movie in the series to cross the $300 million mark domestically.
In 2008, Summit Entertainment ranked in eighth place among the studios, with a gross of $226.5 million, almost entirely because of the release of Twilight.[7] In 2009, Summit ranked 7th among studios with a gross of $482.5 million.[8]
Other Summit Entertainment releases include: Ender's Game (released November 1, 2013 in the United States; an adaptation of Orson Scott Card's 1985 novel); Next Day Air ($10,027,047 US box office); The Hurt Locker ($16,400,000 US box office; it garnered Summit its first Best Picture Oscar); the animated Astro Boy; teen horror film Sorority Row ($11,965,282 US box office); the low-budget Push ($31,811,527 US box office); Bandslam ($5,210,988 US box office); Letters to Juliet ($53,032,453 US box office); and, the sleeper hit, RED ($87,940,198 US box office; nominated for a 2010 Golden Globe in the Best Motion Picture – Comedy or Musical category).
Lionsgate era (2012–present)
[edit]On February 1, 2009, it was announced that Lionsgate would acquire Summit Entertainment, along with its library of six films and rights to the Twilight franchise,[9] but two days later, these merger negotiations broke down due to concerns over changing content.[10] On January 13, 2012, Lionsgate officially acquired Summit Entertainment for $412.5 million.[11] Lionsgate continues to operate Summit Entertainment as a label.
See also
[edit]References
[edit]- ^ "Summit Entertainment LLC", BusinessWeek. Retrieved November 24, 2008.
- ^ a b c d Molloy, Claire (2010), p. 16. Memento. ISBN 978-0-7486-3771-3. Edinburgh University Press. Retrieved November 14, 2010.
- ^ Carver, Benedict (September 28, 1998). "Summit nabs Wenders pix". Variety. Retrieved October 20, 2024.
- ^ Barnes, Brooks, For Studio, Vampire Movie Is a Cinderella Story, New York Times, November 19, 2009. Retrieved November 24, 2008.
- ^ McNary, Dave (May 18, 2007). "Summit, Universal make distrib pact". Variety. Retrieved November 9, 2021.
- ^ TOP OPENING GROSSES BY DAYS IN RELEASE, Box Office Mojo, March, 2016.
- ^ "2008 Studio Market Share". Box Office Mojo. Retrieved December 30, 2011.
- ^ "2009 Studio Market Share". Box Office Mojo. Retrieved December 20, 2011.
- ^ Waxman, Sharon, Lionsgate May Buy Summit, The Wrap, February 1, 2009. Retrieved August 22, 2010.
- ^ Spelling, Nicole, "'Twilight' studio Summit unlikely to merge with Lionsgate", The Hollywood Insider, February 3, 2009. Retrieved August 22, 2010.
- ^ "It's Official: Lionsgate Has Acquired Summit Entertainment for $412.5 Million", ComingSoon.net, January 13, 2012. Retrieved January 13, 2012.
External links
[edit]- Official website (Now redirects to Lionsgate's website)
Categories:
- 1991 establishments in California
- 2012 mergers and acquisitions
- American companies established in 1991
- American independent film studios
- Companies based in Santa Monica, California
- Entertainment companies established in 1991
- Film distributors of the United States
- Film production companies of the United States
- Home video companies of the United States
- Lionsgate Studios
- International sales agents
- Bernd Eichinger