Done Deal: Lionsgate Buys Summit for $412.5 M +'Twilight' saga may continue after fifth film, Lions Gate CEO says

From GossipCop

There’s a chance The Twilight Sagacould continue after the fifth film opens in November.

The bombshell was reportedly dropped by Jon Feltheimer, the chief executive officer of Lionsgate Entertainment, which acquired Twilight studio Summit Entertainment for $412.5 million on Friday.

“I’m anticipating Breaking Dawn – Part 2 being $700 million-plus in worldwide box office,” said Feltheimer of the final (planned) installment in the hit vampire franchise.

According to the Los Angeles Times, when asked whether Lionsgate could envision more Twilight past next fall’s fifth film, Feltheimer left the door open.

“It’s hard for me to imagine a movie that does $700 million-plus doesn’t have ongoing value,” he said. “It’s an amazing franchise that they have done a great job of maintaining with absolutely no deterioration.”

He added, “So the simple answer is, ‘Boy, I hope so.’”

It’s not clear whether a potential continuation would involve future films or a television series.

Would you want to see post-Breaking Dawn projects for Twilight?

From LA Times

"The Twilight Saga: Breaking Dawn Part 2" may not be the end of Bella, Edward and Jacob's on-screen journey, according to the head of the franchise's new Hollywood home.

The chief executive of Lions Gate Entertainment, which on Friday acquired "Twilight" film studio Summit Entertainment for $412.5 mil..., said he believes the film franchise will continue to have value to his company,even after the Nov. 16 release of the fifth movie completes the adaptation of author Stephenie Meyer's four books.

"I'm anticipating 'Breaking Dawn Part 2' being $700 million-plus in worldwide box office," said Jon Feltheimer, predicting the next film would slightly outdo the $697 million global take of "Breaking Dawn Part 1."

Asked whether the franchise would continue in some form for Lions Gate, he added, "It's hard for me to imagine a movie that does $700 million-plus doesn't have ongoing value. It's an amazing franchise that they have done a great job of maintaining with absolutely no deterioration. So the simple answer is 'Boy I hope so.'"

One person close to the acquisition deal but not authorized to speak publicly suggested that because Lions Gate, unlike Summit, has a television production unit, it could adapt "Twilight" for the small screen.

Asked whether there was a possibility of bringing "Twilight" to television, Feltheimer answered, "I would certainly hope so."

From The Wrap

Done Deal: Lionsgate Buys Summit for $412.5 M

Lionsgate has purchased Summit for $412.5 million, the companies announced on Friday.

The two independent studios have been circling each other for months. The deal is being structured as a leveraged buyout, in the form of cash and stock.

"We are uniting two powerful entertainment brands, bringing together two world-class feature film franchises to establish a commanding position in the young adult market, strengthening our global distribution infrastructure and creating a scalable platform that will result in significant and accretive financial benefits to Lionsgate shareholders," Lionsgate Co-Chairman and Chief Executive Officer Jon Feltheimer and Vice Chairman Michael Burns said in a statement.

"Rob Friedman and Patrick Wachsberger have built a remarkable organization, and we're pleased to welcome Summit's talented team to the Lionsgate family," the pair added..

Read more here

From Variety.com

Lionsgate buys Summit for $412.5 million

Summit Entertainment and Lionsgate have agreed to walk down the aisle, combining the town's leading minimajors in a complex cash and stock deal worth $412.5 million.

The completed deal, which has been expected to close for the past week, was announced at the close of the market Friday. Lionsgate co-chairman and CEO Jon Feltheimer and vice chairman Michael Burns told Variety that final details were worked out at 3 a.m. PST on Friday. The deal is structured as a leveraged buyout with the majority of the purchase price funded with cash on the balance sheet at Summit.

"This transaction continues Lionsgate's long-term growth strategy of building a diversified worldwide media company through a combination of disciplined, accretive strategic acquisitions and organic growth while maintaining a solid balance sheet," said Feltheimer and Burns in a joint statement. "We are uniting two powerful entertainment brands, bringing together two world-class feature film franchises to establish a commanding position in the young adult market, strengthening our global distribution infrastructure and creating a scalable platform that will result in significant and accretive financial benefits to Lionsgate shareholders."....

Read more here



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Tags: 'Twilight', CEO, Gate, Lions, after, continue, fifth, film, may, saga, More…says

Comment by ©Emiily-RobertCullen™® on January 14, 2012 at 4:52am

I read somewhere that if they did it they may use different actors! If they did I would go mental! 

Comment by yolis cullen on January 14, 2012 at 6:36am
I think that SM should write another book! I mean come on bellas just getting started I wanna see more BUT! Only if the same cast members r gonna b n it if not then there is really no point n making another movie I really really wanna see more we r huge fans and y not give us what we want? We deserve it right? But don't go n RUIN everything just to make more money off of us! I luv twilight so PLZ DON'T RUIN IT! :-(
Comment by Cassidy Dawn Novotny on January 14, 2012 at 8:51am
Really on one hand I would love more Twilight, but I don't think the cast deserves anymore, not in a bad way, I'm just saying that they are all ready to move on with there careers, I don't see them going back. Stephanie, I would love more books, but I don't think they should become movies, since the vampires aren't suppose to age or anything....... It wouldn't work! I'm very excited for the Host movies and the rest of the Trilogy! I just want to know what the opening is gonna be for it, because I want BD part 2 to open up with the traditional summit logo! If they ruin Twilight, I will be so POed!
Comment by Cassidy Dawn Novotny on January 14, 2012 at 8:55am
I would also love to see a twilight series in Renesmee's PIC! When she is old enough of course! But they cant be a movie! It wouldn't cause Vampires arent suppose to age, and they have to be the same actors and actresses!
Comment by Cassidy Dawn Novotny on January 14, 2012 at 8:56am
That was suppose to say POV! STUPID AUTO-CORRECT!
Comment by GINA DELLA on January 14, 2012 at 9:24am

I would absolutely ADORE another movie ... BUT, as has already been said, ONLY if Stephanie's TOTALLY on board with it. I would kinda like to see the action play out between Jacob & Renesmee, as well as how that relationship changes the relationship between Jacob & Edward. Also, it would be interesting to see where/how Nahuel (sp?) fits into the story as it progresses further. BUT, I would also want all of the same actors in another film and I don't think that's gonna happen, so ...

Comment by catherine on January 14, 2012 at 9:37am

OME!!!!!! I would be the most happiest person on the planet if they do!!!! that would be AWESOME!!!!! and TV series be stilll my beating heart!!!!!! YES!!!!!!! OH I HOPE!!!!!

Comment by Twilighter76 on January 14, 2012 at 10:00am

I'll only agree if Stephenie Meyer writes more books ! I don't want them making stuff up.

Comment by Twilighter76 on January 14, 2012 at 10:01am

I want Bella and Edwards story to finish but I think the world is cool and go on.

Comment by Gloria Evans on January 14, 2012 at 10:15am

No!No!No! Lionsgate is known for making crappy box office failures. They are going to ruin the Twilight Saga. Isn't it bad enough that Summitt did a half ass job with it and only wanted to milk as much money out of the fans as possible. It should end after BD2. I was satisifed with the ending of the Saga. The actors, especially Rob and Kristen have moved on. Taylor probably would continue to do them if Lionsgate paid him a lot of money. Please no TV show! That would just taint the whole series. Lionsgate PLEASE leave our beloved Twilight alone and go make another box office failure.

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