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The deal that has been talked about for months finally gets done. Sale price is $412.5 million, plus the assumption of debt. Lionsgate will get the last "Twilight" movie and a modest library. It also will bulk up its Hollywood clout. From THR:
Insiders at both studios feel that Summit's experience in transforming the vampire "Twilight" series into a global box office phenomenon can help Lionsgate pull off a similar feat with "The Hunger Games." This could help turn the studio, a launching pad for mid-budget genre films, into a lekking ground for young adult film franchises.
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.