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 Nene Pattinson on January 14, 2012 at 11:55am

They need to leave it alone!  Don't mess with success.  I can just see some corny tv show, that takes away from how special and beautiful the story is.  I am a total Twihard, but I'm happy with the movies and don't want to see them ruined by a lame tv show. 

Comment by ImPriNtEd*By*JaKe! on January 14, 2012 at 1:29pm

this better not happen..... not uless all the original actors are in it and its based on a stephanie meyer book.... no show sounds stupid i will not be watching this if it happens

Comment by carolee blanscett on January 14, 2012 at 5:23pm

i agree with you all on this. I think we all would love to see more of Twilight and not have it come to and end.

 I think if they make a t.v. show it will ruin it. It will not be the same.

I two would want it to continue if SM wrote another book for like how it will go for renasmee and jacob with bella and edward too. I would love to see SM finish midnight sun. What i read so far on her sit i loved.

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