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Summit’s Post-’Twilight’ Chapter To Be Underwritten By Book Adaptations

Mike Fleming

The start of Summit Entertainment’s trajectory began when the mini-major convinced Stephenie Meyer to sell her Twilight Saga book series after she’d been left so frustrated by how Paramount Pictures let it languish. Was it a billion dollar lucky break? As the vampire-werewolf series that fueled Summit’s recent $750 million refinancing comes to a close, Summit has bet heavily on books for its future franchises. Under production chief Erik Feig, Summit has been as prolific a buyer of books as any studio in town over the past two years. Most are conducive to young casts.

As Deadline predicted, Summit Entertainment has closed a screen rights deal for Veronica Roth’s young adult novel Divergent, which will be published by the HarperCollins imprint Katherine Tegen Books. It takes place in a futuristic dystopia where society is divided into factions as kids are categorized based on human traits. A teenage girl and guy rebel against the labels, which is a very dangerous thing to do. The buying community has compared it to The Hunger Games in tone and violent content. Red Wagon’s Doug Wick and Lucy Fisher will produce with Pouya Shahbazian. The latter works for FinePrint Productions and stirred up some dust in the early deal brokering with what I’m told were high demands like 35% of the fee from whatever established producer came onto the picture, even though the book fell … Read More »

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Berlin Day 1 Roundup: Emma Watson Goes From ‘Potter’ To ‘Perks,’ Twilight Saga’s Peter Facinelli Pens ‘El Chico Blanco’

Mike Fleming

Summit Entertainment acquired feature rights to The Perks of Being A Wallflower, with novelist Stephen Chbosky adapting and directing his novel. Emma Watson and Logan Lerman star in a coming of age story of a 15-year old crushing hard on a girl while he deals with his best pal’s suicide and other emotional issues. Shooting begins this summer and Summit Intl is selling offshore rights…Titan Worldwide set a June production start for El Chico Blanco, with Carl Franklin directing a script by Twilight Saga‘s Peter Facinelli.  Facinelli stars as a white outcast raised in the barrio who becomes the head of a notorious crime family. Hyde Park is handling foreign sales…W2 has launched as a new distribution company based in LA, Vancouver and Toronto. The principals are John Flock, Warren Nimchuk and Warren Fergus. Flock had been CEO of Peace Arch. They plan to buy completed films for distribution, pre-buy rights to packages and through affiliate W2 Entertainment Finance, can finance tax credits and other production incentives and fund cash flow against distribution sales and arrange gap financing. W2′s initial slate includes the horror pic The Woman, which bowed at Sundance and Shadow and Lies, which has James Franco and Josh Lucas in its cast…

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