Lionsgate is known for movies like Saw and Hostel, Summit is known for the Twilight series. In a long publicized romance, the two have been courting each other for three years or so. Last Friday, they officially tied the knot. Lionsgate bought Summit.
Summit Entertainment wanted to get the deal done before Breaking Dawn Part 2 comes out at the end of this year. Why? Because Summit’s value will fall after that movie is released because the Twilight films will have completed. BUT WAIT.
Lionsgate CEO Jon Feltheimer said he wants to continue Twilight in some fashion. He told the LA Times that he wants the franchise to continue in some way.
It’s hard for me to imagine a movie that does $700 million-plus doesn’t have ongoing value. It’s an amazing franchise that they have done a great job of maintaining with absolutely no deterioration. So the simple answer is ‘Boy I hope so.’
Now, if the CEO of Lionsgate hopes to continue the Twilight franchise, it’ll probably happen. After all, who doesn’t want to continue a cash cow? There are two ways they could do this. First, they could wait 5 years and reboot the film series, much like Spider-Man or Batman, and just re-tell the story in different ways.
Or, they could go the way of Star Trek and eventually Star Wars and start a TV show. Could you imagine the ratings? It would absolutely dominate! It doesn’t even have to be about Bella and Edward, they could launch with a similar story set in the same universe (think Friday Night Lights, Doctor Who, Star Trek, etc).
It would absolutely work, it would absolutely make a crapload of money and it should absolutely happen if you’re a fan of Lionsgate’s financial success. Lionsgate is no stranger to producing TV shows either, they’re the people behind Mad Men and Weeds, two of the better shows on TV. [LA Times via Slashfilm]