By Kevin Jagernauth | The Playlist January 14, 2012 at 1:47PM
$412.5 million. That's how much Lionsgate just paid to acquire Summit in a deal that closed this week. Summit have made a name for themselves thanks to the massive global box office of the "Twilight" films, and over the years, stamped themselves as players with small films that exceeded expectations: "Knowing," "50/50," "Red," "Source Code," "Letters To Juliet" and Best Picture winner "The Hurt Locker" (which won the Oscar despite a terrible reception at the box office). But let's be honest, Lionsgate didn't buy Summit for those. They want the bloodsuckers and werewolves.
Twihards will likely rejoice at the suggestion that, while it's far from being official, Lionsgate chief Jon Feltheimer is keeping the flame for a fifth movie alive. Speaking to Company Town, the executive made it clear that it pretty much makes zero business sense to stop a lucrative franchise at the height of its box office powers. "I'm anticipating 'Breaking Dawn Part 2' being $700 million-plus in worldwide box office," he said, projecting the movie will do even better than Part 1 while adding that another entry is being hoped for. "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.' "
Unlike Summit, which was a privately held company, Lionsgate has shareholders they need to answer to and now that they've made an expensive purchase, they're going to have to justify the value. Of course, 'Breaking Dawn' is the last of the Stephenie Meyer books about Edward and Bella, so who knows where it could go next. Prequel? Spinoff? Or maybe Meyer will help continue the story from where it stands now.
Regardless of how you feel about the movies, they make money and have a huge fanbase who are still very much invested in the story of Edward and Bella. It's likely 'Breaking Dawn' won't be the last we see of them.