Summit Projects 1.2 Billion for "Breaking Dawn'
If you have been following the refinancing of Summit Entertainment, then you know that the studio has been looking for money that is cheaper. While looking for money, big companies send out financial projections to show what kind of money the studio thinks will be coming in, the the future, to repay the new loan. A website TheWrap got it's hands on the document and shared it on their website.
Below are some bits and pieces of wordy mumbo jumbo and some little facts about the dollars and cents of 'Breaking Dawn' that is very interesting:
Summit’s two coming blockbusters, “Breaking Dawn 1 and 2” will cost $263 million -- not the $200 million previously reported -- and are projected to bring in a staggering $1.2 billion for the studio, according to confidential documents obtained by TheWrap.
But the biggest news may be the cost structure behind the fourth and fifth installments of Summit’s blockbuster Twilight franchise. “Breaking Dawn 1” will cost $127.5 million, but according to the documents Summit only has $38.4 million at risk. The film will be released in November 2011.
The second film, “Breaking Dawn 2,” cost $136.2 million, with Summit’s exposure limited to $51.2 million, according to the documents.
The studio anticipates revenues of $1.2 billion related to just those two pictures, the documents say. They are projecting a profit of $228 million for the first film and $219 million for the second for a total of nearly $450 million.
The budgets of “Breaking Dawn” may be higher than expected, but they are relatively modest when compared to other Hollywood blockbusters.
Nonetheless, the costs have skyrocketed from the first film, when the studio put up a mere $37 million for “Twilight” and reaped $231 million in profits.
Clearly, it was a good time to cash in some chips.
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Comment by Twilighter76 on March 9, 2011 at 11:47pm -
About time they spend money on our movies !!!
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Comment by Pennybug Cullen on March 10, 2011 at 12:16am -
Yes. They are spending more than I thought they would. Hopefully that means everything will turn out well!
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Comment by seekingbecca on March 10, 2011 at 12:40am -
I agree, pennybug, and Twilighter76. I'm seeing both 3 or 4x each, before the dvd release!!! Who's with me!?
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Comment by sarah cullen on March 10, 2011 at 2:36am -
i agree with pennybug cullen
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Comment by JoS on March 10, 2011 at 4:34am -
i agree with you guys
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Comment by ß.Gomez on March 10, 2011 at 6:10am -
I think money ruins movies.
I hope Im wrong and Breaking Dawn is worth all that cash.
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Comment by Sparkle Cullen on March 10, 2011 at 7:11am -
...TWILIGHT !! 252 dayz til' BREAKING DAWN part 1 cumz out !!
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Comment by catherine on March 10, 2011 at 8:50am
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OH boy!!!!! I want to see this movie now....sighhhhh I've heard some good things about the director if he does a great job like David slade did for Eclipse it's going to be AWESOME!!! and money will worth spent... smile...
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Comment by Twilighter76 on March 10, 2011 at 10:24am
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Pretty sure the movies haven't gotten better with money. And what I mean is that I want the sets to look authentic and I just want it to look more like they spent time on it that's it ! And I'm guessing the money is going to the main three so maybe well get better performances.
seekingbecca I'll be seeing it at least 5 times lol ... I can't stay away from these movies even though there are certain times I'm disappointed but I'm just glad to see them come alive.
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Comment by Twilighter76 on March 10, 2011 at 10:26am
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And we have to think about how much Summit makes worldwide with DVD's, shirts, posters and etc ...... So Summit is making more off Twilight.
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