Lions Gate Nears $400M Deal for 'Twilight' Maker

By: Associated Press Email
By: Associated Press Email
Lions Gate is close to buying the studio that created the teen smash "Twilight" series, for about $400 million in cash and stock.

"The Twilight Saga: Eclipse" Movie Poster, Photo Credit: Courtesy: Summit Entertainment

LOS ANGELES (AP) - Lions Gate is close to buying the studio that
created the teen smash "Twilight" series, for about $400 million in cash and stock.

That's according to two people familiar with the matter. The
people were not authorized to speak publicly and requested
anonymity.

A tie up between Lions Gate Entertainment Corp. and Summit Entertainment, producer of the "Twilight" blockbuster saga, would create one of the largest movie and TV studios in Hollywood.

Talks are in the final stages and could be finalized this week. Summit also has about $300 million in debt linked to its movies.

Both studios are based in Santa Monica, Calif.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 136908968 - kolotv.com/a?a=136908968