Summit Entertainment has money burning a hole in its pocket, and is looking to invest. Could they buy some sinking ships? At least one news source thinks so.
Summit Entertainment, the house that Twilight built, is enlisting Morgan Stanley’s help in identifying new growth opportunities, today’s Post reports (and Nikki Finke confirms) — which means the company could make a play for a debt-plagued studio like MGM or the Weinstein Company (or Lionsgate, which isn’t quite so bad off)
I think it might be jumping the gun to suggest that the profits of one film would be enough to put Summit in a financial situation to buy sinking studios like MGM. If that were the case, MGM would be one blockbuster away from salvation.
I could see Summit forming its own studio or perhaps buying the rights to other major franchises that aren’t written by Stephanie Meyers. It makes sense that an entertainment group built around one primary franchise would want to diversify to keep its future. This Twilight thing isn’t going to last forever.
The Net Worth – A feature film by Glenn Davis Doctor G. Investment opportunity.
They stay the course and continue to work independently. The studio system is quite unnecessary, look at what Legendary pictures is doing…and they have control.
Take on some mid range budget original movies, a la the Shamhammer pre Sixth Sense. Work with Directors like David Twohy who can bring in an amazing film without spending 100M.
Comedies with directors like Dennis Dugan but without the high priced Sandler, try someone new, Nick Swardson, Ian Hart, Flip Schultz, or maybe Ike Barinholtz?
More ideas…a “new” hispanic gangster film with Robert Lasardo as the protagonist, with (please please please) Joe Carnahan. NOT a remake of Scarface.
A new Sci Fi feature about a large colony on the moon, that gets terrorized by a new monster. How about Peter Hyams directing with Edward Norton as the protagonist, and Brittany Snow as daughter of the HMFIC (Admiral/General?) Maybe Paul W.S. Anderson would be better for this one…
Ok one more…A semi documetarial project about an incrdibly hot girl, (Tania Raymonde) who works with the mentally challenged, (SERIOUSLY, why can’t we call them retards anymore?)
and the antics that these real people get into on a trip to an amusement park… and the fantastic ending…
Summit…call me…
They should take MGM.
It would be sort of a sad irony if someone bought out Lionsgate, considering that company’s history of swallowing up smaller film companies in the past, but I don’t see Summit buying them, MGM or TWC.
Like Rodney, I happen to agree that the best bet for Summit is to form its own studio, and look for other franchises than Twilight (and I don’t mean a ‘Push’ sequel) a good model to look at would be New Line Cinema (before they were bought by WB). In the 80’s they had Elm Street that put them on the radar; by the time the fifth Elm rolled out, they had a number of other films in varied genres including the art house film arm of Fine Line. By the time Freddy’s Dead was out, they had two other successful franchises: House Party and Teenage Mutant Ninja Turtles.
I would not rule out an animated sequel to Astroboy should that prove fruitful; I don’t know how Tekken will do (co-prod’d with TWC) …and then there’s the Highlander remake- but “there can be only one” of those heh heh
I would look for a horror, a adaptation based on a comic book or strip (not counting Astroboy) or maybe a handful of low budget dramas/comedies.
But HEY The Terminator rights are up for grabs!!!