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Summit is trying to avoid its own twilight
Summit is trying to avoid its own twilight
Looking to expand Summit President Patrick Wachsberger and CEO Rob Friedman are exploring merger and growth opportunities, including purchases of smaller firms and libraries. ( Lawrence K. Ho / Los Angeles Times / October 23 , 2009 )
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Summit's Dilemma: To Buy or Be Bought?
DealBook — ... was then foreign film sales company Summit Entertainment, along with other investors, to acquire the firm. At the time, it was the first major deal whereby Wall Street investors put money up for the distribution game, rather than investing in slates of films. But Summit really came into its own with the run-away success of “Twilight,” which has come at a time when other small studios like Metro-Goldwyn-Mayer and The Weinstein Company are struggling to get their finances in order. Go to Article from The Los Angeles Times »

Today’s Best Market Rumors (11/3/2009) (CHU)(AAPL)(LGF)
24/7 Wall St. — ... $1 billion into hedge funds  (Crain’s NY) Studio Summit Entertainment may be  a buy-out target for a larger studio like Lions Gate  (NYSE:LGF)  (LATimes) China Unicom (NYSE:CHU) has ...

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