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Summit Entertainment

Summit Entertainment is an , financing, and company founded in as a to handle international sales, which later expanded into full-scale production and domestic . The company was established by prominent producers of , of , and of (formerly associated with ), initially operating as the Summit Group to facilitate global of their projects. Over the years, Summit transitioned into a mini-major studio, achieving critical and commercial breakthroughs with films such as (2008), which won six including Best Picture, and the Step Up dance franchise, which collectively grossed over $420 million worldwide by 2010. Summit's most defining success came with the Twilight Saga film series (2008–2012), adapted from Stephenie Meyer's novels, which starred Kristen Stewart, Robert Pattinson, and Taylor Lautner and became a global phenomenon, grossing more than $3.3 billion worldwide across five installments. The franchise's massive box office performance, including The Twilight Saga: New Moon earning $710 million and The Twilight Saga: Breaking Dawn – Part 2 topping $829 million, solidified Summit's reputation for teen-oriented blockbusters and ancillary revenue streams like home video and merchandising. In January 2012, Lionsgate acquired Summit for $412.5 million in cash and stock, integrating it as a key label within Lionsgate's portfolio to bolster its library of over 13,000 titles and expand theatrical releases. Under Lionsgate, Summit has continued producing and distributing films, including recent efforts like the 2025 re-release of Twilight, which earned $1.55 million in its opening day, demonstrating the enduring appeal of its flagship properties.

History

Founding and early development (1991–2005)

Summit Entertainment traces its origins to the , established on July 26, 1991, as a for international film sales by producers of , of , and of and . The entity was formed to handle foreign distribution rights for films from its founding partners, leveraging their production slates to secure overseas deals amid a competitive global market for independent cinema. Initial operations focused on sales representation, with the group's structure providing the financial foundation through contributions from the partners' established companies, enabling early market entry without financing. In 1993, the company officially launched as Summit Entertainment LP under the leadership of David Garrett, Patrick Wachsberger, and Bob Hayward, shifting emphasis to broader distribution and sales activities while retaining its core focus on international markets. Headquartered in , Summit quickly built a reputation for packaging and selling rights to mid-budget films, establishing offices to facilitate deals at major trade events like the and . This relaunch marked a professionalization of operations, with the trio's expertise in sales driving revenue through output deals and selective partnerships. Among its early successes, Summit handled foreign sales for notable titles such as Donnie Brasco (1997), partnering with Mandalay Entertainment to secure international distribution for the crime drama starring Al Pacino and Johnny Depp. The company also represented American Pie (1999), collaborating with Universal Pictures to sell rights outside key English-speaking territories, contributing to the teen comedy's global box office of over $235 million. Similarly, Summit facilitated international sales for Memento (2000), supporting Newmarket Films in expanding Christopher Nolan's thriller to over 500 screens abroad after its domestic release. These projects exemplified Summit's role as a key player in bridging U.S. independents with global buyers. By the early , Summit began evolving from a pure sales agent into a mini-major studio, gradually incorporating and co-financing elements to control more of the pipeline. This transition involved selective investments in development and distribution, positioning Summit for greater autonomy in an industry favoring integrated operations by the mid-.

Expansion and key successes (2006–2012)

In , Summit Entertainment secured over $1 billion in financing led by Merrill Lynch and a of investors, enabling the company to transition from international sales to a full-service production and worldwide distribution studio. This capital infusion supported the development of an in-house slate of films, marking a pivotal shift toward independent production while leveraging Summit's established expertise in global rights management. To lead this expansion, Rob Friedman, formerly vice chairman and chief operating officer at , joined as co-chairman and CEO in 2007, partnering with existing president Patrick Wachsberger. Under their leadership, Summit prioritized high-profile aimed at broad audiences, building on the company's prior success in pre-sales to finance ambitious projects. Summit's first major production push included the launch of the Step Up franchise, beginning with Step Up in 2006, which spawned sequels and collectively grossed approximately $580 million worldwide across four films by 2012. The Twilight Saga marked an even greater breakthrough, with the inaugural film Twilight (2008) earning $403 million globally and establishing Summit as a key player in adaptations. Sequels amplified this success, notably The Twilight Saga: New Moon (2009), which achieved a $142 million domestic opening weekend and propelled the series toward status. Beyond franchises, Summit released standalone hits like Knowing (2009), a science-fiction thriller starring that opened at number one domestically, and (2011), a time-loop directed by featuring . Summit also acquired wide release rights and managed international rollout for (2008), earning its first despite originating as a low-budget independent production. These projects diversified Summit's portfolio, blending speculative genres with strong international appeal to sustain momentum leading into its 2012 acquisition. Financially, the period solidified Summit's rise, with 2008 domestic grosses totaling $226.5 million, securing an eighth-place ranking among studios largely driven by 's performance. In 2009, revenues surged to $482.5 million domestically, elevating Summit to seventh place amid the sequels and Knowing's contributions. This growth underscored the studio's effective strategy in targeting franchise potential and mid-budget spectacles.

Acquisition and integration with Lionsgate (2012–present)

In January 2012, acquired Summit Entertainment for $412.5 million in a deal consisting of cash and stock, along with the assumption of Summit's debt. Following the acquisition, Summit co-chairs Rob Friedman and Patrick Wachsberger were appointed to lead 's Motion Picture Group, overseeing domestic and international acquisition, , and . Post-acquisition, Summit operated as a key label within , retaining and expanding on pre-existing assets such as the Twilight and Step Up franchises while focusing on new productions. The label played a central role in developing the franchise, which began in 2014 and has generated over $1.01 billion in worldwide gross through its mainline entries. This integration allowed to leverage Summit's expertise in action-oriented content, enhancing the parent company's overall film portfolio. Recent projects under the Summit label include , released in March 2023, which became the highest-grossing installment in the series with approximately $440 million worldwide. In 2025, the spin-off (also known as From the World of John Wick: Ballerina) was released on June 6, distributed by and Summit, expanding the franchise's universe with a focus on action and revenge themes. Additionally, launched the John Wick Experience, an immersive attraction at in , debuting in March 2025 to extend the brand into experiential entertainment. Financially, the integration has streamlined operations, with contributing to 's annual film slates through targeted genres such as action thrillers and adaptations, as seen in ongoing expansions. In 2024 and 2025, 's slate included multiple Summit-involved releases emphasizing high-concept action, supporting the company's recovery in theatrical revenues. In October 2025, and Summit re-released films, with the original Twilight earning $1.55 million on its opening day and the series collectively grossing over $3.5 million in its first week, underscoring the enduring appeal of Summit's properties. Amid these developments, engaged in early 2025 discussions with regarding potential partnerships or acquisitions, aimed at further consolidating resources in .

Film productions

Major franchises

Summit Entertainment's most prominent franchise is the Twilight Saga, a five-film adaptation of Stephenie Meyer's young adult novel series that ran from 2008 to 2012. The series began with Twilight, directed by Catherine Hardwicke, which introduced the romantic vampire storyline centering on Bella Swan and Edward Cullen, and was followed by The Twilight Saga: New Moon (2009, directed by Chris Weitz), The Twilight Saga: Eclipse (2010, directed by David Slade), The Twilight Saga: Breaking Dawn – Part 1 (2011, directed by Bill Condon), and The Twilight Saga: Breaking Dawn – Part 2 (2012, also directed by Condon). Collectively, the films grossed over $3 billion worldwide, establishing Summit as a key player in YA adaptations and sparking a cultural phenomenon that influenced teen literature, fashion, and fandom culture in the late 2000s and early 2010s. The franchise's success stemmed from its faithful adaptation of Meyer's themes of forbidden love and supernatural elements, combined with strategic marketing targeted at adolescent audiences, which drove repeat viewings and merchandise sales. Another early cornerstone for Summit was the Step Up dance franchise, comprising six films released between 2006 and 2019 that blended romance, hip-hop culture, and choreography. The series launched with Step Up (2006), a collaboration with Touchstone Pictures featuring Channing Tatum and Jenna Dewan in a story of street dancers finding common ground, and continued with Step Up 2: The Streets (2008), Step Up 3D (2010), Step Up Revolution (2012), Step Up: All In (2014), and Step Up: Year of the Dance (2019). The films amassed approximately $651 million in global box office earnings, emphasizing accessible narratives of aspiration and partnership through dance competitions and urban settings. Produced with input from choreographers like Jamal Sims and featuring original soundtracks that boosted visibility on platforms like MTV, the franchise highlighted Summit's approach to low-budget, high-energy genre films that capitalized on emerging talents and viral dance trends. The John Wick series, initiated in 2014 and ongoing, represents Summit's pivot to high-octane action-thrillers, created by screenwriter and starring as the titular retired hitman seeking vengeance. The core quartet includes (2014, directed by ), (2017), (2019), and (2023), alongside the 2025 spin-off From the World of John Wick: Ballerina directed by and starring . Through Chapter 4, the main films generated $1.01 billion worldwide, with Ballerina adding $131 million, for a total exceeding $1.14 billion; this success revitalized the action genre through innovative "gun-fu" choreography blending and firearms, drawing from influences like John Woo's . Culturally, the series has fostered a dedicated fanbase for its mythic assassin underworld, complete with gold coins and continental hotels, and expanded into cross-media ventures including the John Wick Chronicles (2017) and immersive experiences like the John Wick Experience pop-up events. Summit also developed the Now You See Me franchise, a heist series infused with magic illusions, beginning with Now You See Me (2013, directed by ) and followed by (2016, directed by ) and Now You See Me 3 (2025). The first three installments, featuring ensembles led by , , and as the "Four Horsemen" magicians pulling off Robin Hood-style cons, have collectively earned approximately $762 million globally as of November 19, 2025, appealing to audiences with clever twists and ensemble dynamics. The franchise's strategy leveraged practical effects and misdirection to mirror its thematic sleight-of-hand, positioning Summit as adept at mid-budget entertainers that blend spectacle with intellectual puzzles. Overall, Summit's franchise approach emphasized genre-specific targeting: young adult romance and supernatural elements for Twilight to capture book-to-film loyalty; rhythmic, aspirational dance stories in Step Up for youth demographics; visceral action innovation in John Wick to build a shared universe with merchandising potential; and illusionary capers in Now You See Me for broad family appeal. This diversification not only drove financial returns but also enabled cross-media extensions, such as John Wick's gaming and live events, solidifying Summit's role in sustaining long-term intellectual properties post its 2012 Lionsgate acquisition.

Standalone films and awards

Summit Entertainment has produced and distributed several notable standalone films outside its major franchises, often emphasizing prestige dramas, thrillers, and independent projects that garnered critical acclaim and awards recognition. One of its earliest significant distributions was the 1997 crime drama Donnie Brasco, directed by Mike Newell and starring and , which received Golden Globe nominations for Best Supporting Actor (Pacino) and Best Director (Newell). A landmark achievement came with the 2008 war thriller , directed by , which Summit acquired for U.S. distribution rights at the for $1.5 million after its independent production with a $15 million budget financed through . The film won six , including Best Picture, Best Director (the first for a woman, Bigelow), Best Original Screenplay, Best Film Editing, Best Sound Editing, and Best Sound Mixing, establishing Summit's reputation for championing award-contending cinema. It also secured six BAFTA Awards, including Best Film, and grossed $49.2 million worldwide against its modest budget. In the thriller genre, Summit released Knowing in 2009, a sci-fi disaster film directed by Alex Proyas and starring Nicolas Cage, which the company financially backed and distributed domestically. The project earned one win and six nominations at the Saturn Awards, including for Best Science Fiction Film, though it received mixed reviews with a 35% approval rating on Rotten Tomatoes. It performed strongly at the box office, opening to $24.8 million and ultimately grossing over $186 million worldwide. Similarly, the 2011 time-loop thriller Source Code, directed by Duncan Jones and starring Jake Gyllenhaal, was a Summit release that premiered at South by Southwest and received positive reception, holding a 92% Rotten Tomatoes score and a Metacritic rating of 74; it earned a Hugo Award nomination for Best Dramatic Presentation and one Scream Award win. Following its 2012 acquisition by , Summit continued to support high-profile standalone releases under the integrated banner, exemplified by the 2016 musical romance , directed by and produced in partnership with Marc Platt Productions and others, with handling distribution. The film tied the record with 14 Academy Award nominations and won six, including Best Director (), Best Actress (), Best Cinematography, Best Original Score, Best Production Design, and Best Sound Mixing. It achieved widespread critical praise, earning a 91% approval rating, and commercial success with a global of $522 million on a $30 million budget.

Corporate structure

Leadership and key personnel

In 1993, the company officially launched as Summit Entertainment LP under the operational leadership of as president of international sales, Patrick Wachsberger as co-president, and Bob Hayward as , shifting focus to production, distribution, and global sales. Rob Friedman joined Summit in 2007 as co-chairman and CEO, bringing extensive distribution experience from prior roles at and , which helped transform the company into a full-service studio with domestic theatrical releases. His leadership emphasized efficient global distribution systems, contributing to Summit's growth in the late through strategic acquisitions and releases that expanded its market reach. Following 's 2012 acquisition of , and Wachsberger became co-chairs of the Lionsgate Motion Picture Group, overseeing film development, production, and worldwide distribution until Friedman's departure in 2016. Wachsberger continued in the role, renewing his agreement multiple times and guiding the integration of Summit's franchises into Lionsgate's portfolio. By early 2025, Wachsberger transitioned to lead a new production and sales venture, 193, in partnership with . Under Lionsgate's current structure as of 2025, Summit's operations fall within the Motion Picture Group, led by CEO at the corporate level, with Adam Fogelson as chair and Erin Westerman serving as president since July 2025, responsible for development and production oversight. Recent appointments include Michael Viane as executive vice president of worldwide theatrical distribution and operations, appointed in November 2025 to enhance global release strategies. Key contributors have included producers such as of , who played a pivotal role in developing the Twilight franchise for Summit. Directors like , who helmed The Hurt Locker—a Summit-distributed film that earned multiple —have also been instrumental in elevating the company's prestige in independent cinema.

Subsidiaries and operations

Following its acquisition by in 2012, Summit Entertainment operates as a production label focused on theatrical film financing, development, and worldwide distribution through Lionsgate's integrated infrastructure. This structure emphasizes collaborative production pipelines, leveraging Lionsgate's global reach for marketing and release strategies. Summit maintains key divisions including Summit Premiere, which handles select prestige and international theatrical distributions, such as the 2018 release of in the , , and . A primary subsidiary is the International Distribution Company, LLC (IDC), a established in 2005 with Pedro Rodriguez, founder of NuVision Entertainment, to manage sales and distribution of Summit and titles across . This partnership was expanded post-acquisition to include Lionsgate's full output in the region, enhancing regional . Headquartered in , at 1630 Stewart Street, Suite 120—integrated with operations—Summit's facilities support production oversight and creative development. Operations often involve collaborations with 's specialized imprints, such as for Latino-focused content and for diverse narratives, integrating these into broader release slates. In recent years, Summit's scope has extended into experiential entertainment under 's umbrella, including the 2025 launch of the Experience at in , which draws from Summit-produced franchises to create immersive attractions. These initiatives, overseen by Lionsgate executives such as Adam Fogelson (chair) and Erin Westerman (president) of the Motion Picture Group, highlight Summit's role in expanding intellectual properties beyond traditional film.

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