Summit, Lionsgate reportedly resume merger talks
By Sean O’Connell
Hollywoodnews.com: They each have a lucrative, signature franchise under their belt, Summit in “The Twilight Saga” and Lionsgate in the upcoming “Hunger Games” adaptation. And yet, discussions for the two studios to merge resumed yesterday with an eye toward forming a major studio out of two independent distributors.
Sources from the companies declined comment on the story.
This isn’t the first time that the studios have discussed a merger. And various stories detailing the potential merger this time out have also suggested that other small-to-medium-sized studios (that have opted to remain anonymous at this point) could also join the company to expand the new company’s reach.
Experts tell The Wrap that the merger between the two companies is “long overdue.” Each bring something unique to the table. Summit has been in the distribution game since 2007, and is coming off of the massive hit “Breaking Dawn, Part 1.” Lionsgate, meanwhile, has had success in the television field as well as in film, distributing Sylvester Stallone’s surprise hit “The Expendables” as well as Tyler Perry’s filmography.
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