The majority of "Breaking Dawn" revenues are still "to come."

As Lionsgate Entertainment pitches lenders on its Summit Entertainment takeover, the indie studio is trumpeting Twilight cash flows to finance the deal.

In an SEC 8K filing on Wednesday, Lionsgate unveiled a slide show to potential lenders that indicated the teen vampire movie franchise had delivered $2.5 billion in worldwide box office to date.

In that total, the debut Breaking Dawn picture delivered $700 million worldwide ticket receipts and $280 million in domestic box office.

Lionsgate added the larger bulk of Breaking Dawn cash inflows are contracted and “to come,” with Summit have pre-negotiated pay and cable TV licensing agreements with Showtime and FX.

The indie studio is looking to structure a $500 million term loan as a Summit credit facility.

The slide presentation also revealed that privately-held Summit posted revenue of $722.1 million in the fiscal year to December 2009, and revenue of $1.15 billion in the year to December 2010.

Lionsgate also revealed Summit posted revenue of $331.3 million in the nine months to September 2011, just ahead of the opening of Breaking Dawn 1.


The Hollywood reporter

via





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Tags: Breaking Dawn, are, majority, of, revenues, still, the, to come.

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