LOS ANGELES (AP) -- Two Hollywood studios that vy for a similar teen audience are talking about merging.
That's according to a person familiar with the matter who was not authorized to speak about it publicly.
The person said Lions Gate Entertainment Corp. and Summit Entertainment LLC, both based in Santa Monica, Calif., restarted discussions following the success of Summit's fourth "Twilight" movie. "The Twilight Saga: Breaking Dawn" has grossed nearly half a billion dollars worldwide since its release November 18. Privately held Summit has one more "Twilight" movie in the works.
Lions Gate is banking on its own hit with "The Hunger Games," due out in March. It's based on the young adult novels by Suzanne Collins.
Bloomberg News earlier reported on the talks.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus