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Summit Entertainment (formerly Summit Entertainment NV) is an independent American film studio headquartered in Universal City, California with offices in London.
Summit was originally founded in the early 1990s and launched in 1996 by Patrick Wachsberger, Bob Hayward and David Garrett under the name Summit Entertainment LP as a production, distribution, and sales organization. In 2006, it became a fully independent film studio, Summit Entertainment, with the addition of Rob Friedman, a former executive at Paramount Pictures. The new company added major development, production, acquisitions, marketing and distribution branches with a financing deal led by Merrill Lynch and other investors giving it access to over $1 billion in financing.
After a string of flops including P2, Penelope, Never Back Down and Sex Drive, Summit finally found success in November 2008 with the release of Twilight, a teen romance about vampires based on the best-selling book of the same name by Stephenie Meyer that made $383,530,753 worldwide. In the spring of 2009, Summit released Knowing, the company's second movie to open #1 at the box office and made $182,492,056 worldwide. Recent films for Summit include Next Day Air ($10,027,047), The Hurt Locker ($15,218,783 worldwide), an action-thriller war-themed film directed by Kathryn Bigelow which has received two 2009 Independent Spirit Award nominations, the animated film Astro Boy, the teenage horror Sorority Row ($14,826,298 worldwide), and the highly anticipated The Twilight Saga: New Moon.