Summit Entertainment has money burning a hole in its pocket, and is looking to invest. Could they buy some sinking ships? At least one news source thinks so.
Summit Entertainment, the house that Twilight built, is enlisting Morgan Stanley’s help in identifying new growth opportunities, today’s Post reports (and Nikki Finke confirms) — which means the company could make a play for a debt-plagued studio like MGM or the Weinstein Company (or Lionsgate, which isn’t quite so bad off)
I think it might be jumping the gun to suggest that the profits of one film would be enough to put Summit in a financial situation to buy sinking studios like MGM. If that were the case, MGM would be one blockbuster away from salvation.
I could see Summit forming its own studio or perhaps buying the rights to other major franchises that aren’t written by Stephanie Meyers. It makes sense that an entertainment group built around one primary franchise would want to diversify to keep its future. This Twilight thing isn’t going to last forever.
