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{{short description|American film production and distribution company}}
{{Infobox_Company
{{Use mdy dates|date=June 2013}}
| company_name = Summit Entertainment
{{Infobox company
| company_logo = [[Image:Summit Entertainment Logo.jpg]]
| name = Summit Entertainment, LLC
| company_type =
| logo = [[File:Summit Entertainment logo.svg|frameless|class=skin-invert]]
| foundation = 1996 (as Summit Entertainment NV)<br>April 19, 2007<ref>http://www.summit-ent.com/news.php?news_id=53</ref>
| logo_size = 200px
| location_city = Universal City, CA
| logo_caption = Logo used since 2018
| location_country = USA
| type = [[Subsidiary]] Label
| key_people = [[Rob Friedman]], [[Patrick Wachsberger]]
| industry = [[Motion picture]]
| industry = [[Film industry|Motion pictures]]
| foundation = {{start date and age|1991|7|26}}
| products =
| founders = [[Bernd Eichinger]]<br>[[Arnon Milchan]]<br>[[Andrew G. Vajna]]
| parent =
| location = [[Universal City, California]] (2007–2012)<br>[[Santa Monica, California]] (2012–present)
| homepage = http://www.summit-ent.com/
| key_people = Patrick Wachsberger<br>Bob Hayward
| products = [[Film|Motion pictures]]
| services = [[Film distribution|Film Distribution]]<br>[[Film|Film Production]]
| owner =
| parent = [[Lionsgate Films]] (2012–present)
| divisions = Summit Records<br>Summit Premiere
| subsid = [[#International Distribution Company|International Distribution Company, LLC]]<br>(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 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>


== History ==
'''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>
=== Independent era (1991–2012) ===
[[File:Summit Entertainment.jpg|thumb|200px|The company's original logo, used from 1996 to 2007]]
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>


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>
==History==


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.
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>


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.
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>


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>
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.


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).
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]]''.


=== Lionsgate era (2012–present) ===
===Distribution===
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.
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>


===Selected releases===
== See also ==
* [[List of Summit Entertainment films]]
* ''[[Rock On]]'' (TBA)
* [[Lionsgate]]
* ''[[New Moon (2009 film)|New Moon]]'' (2009)
* [[Lionsgate Studios Corp|Lionsgate Studios]]
* ''[[Sorority Row]]'' (2009)
* ''[[Astro Boy]]'' (2009)
* ''[[Smith v. Summit Entertainment LLC]]''
* ''[[Push]]'' (2009)
* ''[[Bandslam]]'' (2009)
* ''[[The Hurt Locker]]'' (2008-2009?)
* ''[[Twilight (2008 film)|Twilight]]'' (2008)
* ''[[Trailer Park of Terror]]'' (2008)
* ''[[Sex Drive|Sexdrive]]'' (2008)
* ''[[Never Back Down]]'' (2008)
* ''[[Deception (2008 film)|Deception]]'' (2008)
* ''[[Penelope (2008 film)|Penelope]]'' (2008)
* ''[[Nim's Island]]'' (2008)
* ''[[City of Ember]]'' (2008)
* ''[[Red Cliff (film)|Red Cliff]]'' (2008)
* ''[[Step Up 2 The Streets]]'' (2008)
* ''[[Strange Wilderness]]'' (2008)
* ''[[The Hottie and the Nottie]]'' (2008)
* ''[[In the Valley of Elah]]'' (2007)
* ''[[Michael Clayton (film)|Michael Clayton]]'' (2007)
* ''[[P.S. I Love You (film)|P.S. I Love You]]'' (2007)
* ''[[P2 (film)|P2]]'' (2007)
* ''[[Resident Evil: Extinction]]'' (2007)
* ''[[Bridge to Terabithia]]'' (2007)
* ''[[Babel (film)|Babel]]'' (2006)
* ''[[Miss Potter]]'' (2006)
* ''[[Once (film)|Once]]'' (2006)
* ''[[Step Up (film)|Step Up]]'' (2006)
* ''[[A Lot Like Love]]'' (2005)
* ''[[Mr. & Mrs. Smith (2005 film)|Mr. & Mrs. Smith]]'' (2005)
* ''[[Oliver Twist (2005 film)|Oliver Twist]]'' (2005)
* ''[[Racing Stripes]]'' (2005)
* ''[[Sahara (2005 film)|Sahara]]'' (2005)
* ''[[The Brothers Grimm (film)|The Brothers Grimm]]'' (2005)
* ''[[The Weather Man]]'' (2005)
* ''Tokyo Godfathers'' (2004) (direct-to-video on Special Edition DVD)
* ''[[Wrong Turn]] (2003)
* ''[[Memento (film)|Memento]] (2000)
* ''[[Lock, Stock and Two Smoking Barrels]]'' (1998)
* ''[[Fear and Loathing in Las Vegas (film)|Fear and Loathing in Las Vegas]]'' (1998)


==References==
== References ==
{{reflist}}
{{Reflist}}


==External links==
==External links==
* [http://www.summit-ent.com/ Official site]
* {{Official website|http://www.lionsgate.com}} (Now redirects to Lionsgate's website)
* {{imdb company|id=0046206|company=Summit Entertainment}}


{{Lionsgate}}
[[Category:Film production companies of the United States]]
{{Bernd Eichinger}}
[[Category:Companies established in 2007]]
{{Film Studio}}
{{Authority control}}


[[Category:1991 establishments in California]]
[[id:Summit Entertainment]]
[[Category:2012 mergers and acquisitions]]
[[pt:Summit Entertainment]]
[[Category:American companies established in 1991]]
[[Category:American independent film studios]]
[[Category:Companies based in Santa Monica, California]]
[[Category:Entertainment companies established in 1991]]
[[Category:Film distributors of the United States]]
[[Category:Film production companies of the United States]]
[[Category:Home video companies of the United States]]
[[Category:Lionsgate Studios]]
[[Category:International sales agents]]
[[Category:Bernd Eichinger]]

Latest revision as of 05:09, 6 December 2024

Summit Entertainment, LLC
Company typeSubsidiary Label
IndustryMotion pictures
FoundedJuly 26, 1991; 33 years ago (1991-07-26)
FoundersBernd Eichinger
Arnon Milchan
Andrew G. Vajna
HeadquartersUniversal City, California (2007–2012)
Santa Monica, California (2012–present)
Key people
Patrick Wachsberger
Bob Hayward
ProductsMotion pictures
ServicesFilm Distribution
Film Production
ParentLionsgate Films (2012–present)
DivisionsSummit Records
Summit Premiere
SubsidiariesInternational 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]
The company's original logo, used from 1996 to 2007

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]
  1. ^ "Summit Entertainment LLC", BusinessWeek. Retrieved November 24, 2008.
  2. ^ a b c d Molloy, Claire (2010), p. 16. Memento. ISBN 978-0-7486-3771-3. Edinburgh University Press. Retrieved November 14, 2010.
  3. ^ Carver, Benedict (September 28, 1998). "Summit nabs Wenders pix". Variety. Retrieved October 20, 2024.
  4. ^ Barnes, Brooks, For Studio, Vampire Movie Is a Cinderella Story, New York Times, November 19, 2009. Retrieved November 24, 2008.
  5. ^ McNary, Dave (May 18, 2007). "Summit, Universal make distrib pact". Variety. Retrieved November 9, 2021.
  6. ^ TOP OPENING GROSSES BY DAYS IN RELEASE, Box Office Mojo, March, 2016.
  7. ^ "2008 Studio Market Share". Box Office Mojo. Retrieved December 30, 2011.
  8. ^ "2009 Studio Market Share". Box Office Mojo. Retrieved December 20, 2011.
  9. ^ Waxman, Sharon, Lionsgate May Buy Summit, The Wrap, February 1, 2009. Retrieved August 22, 2010.
  10. ^ Spelling, Nicole, "'Twilight' studio Summit unlikely to merge with Lionsgate", The Hollywood Insider, February 3, 2009. Retrieved August 22, 2010.
  11. ^ "It's Official: Lionsgate Has Acquired Summit Entertainment for $412.5 Million", ComingSoon.net, January 13, 2012. Retrieved January 13, 2012.
[edit]
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