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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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Summit Entertainment Near Deal For ‘Divergent’

By | Thursday February 10, 2011 @ 11:57am PST
Mike Fleming

Summit Entertainment continues its prolific book rights buying as it nears a deal for the Veronica Roth novel Divergent, with Red Wagon partners Doug Wick and Lucy Fisher attached to produce. The book is compared to The Hunger Games because of the age of the characters and the violence that takes place in a futuristic setting. This tale takes place in a futuristic dystopia where society is divided into factions based on human traits. A 16-year old leaves her faction to join a rival faction, but during the violent initiation into the new faction, she falls in love with a young man and they try to find their place in this rough world. The book will be published by Katherine Tegen Books, a division of HarperCollins Children’s Books. More to come on this one.

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