Showtime gets Summit film rights
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Showtime Networks said it acquired the rights for up to 42 movies released by Summit Entertainment, including the independent studio’s new blockbuster, “Twilight.”
The premium cable network, one of the most profitable units of CBS Corp., will have access to Summit movies released from 2008 through 2012, including all films in the “Twilight” franchise. Summit Entertainment plans to release 10 to 12 films a year.
This year Showtime did not renew its existing deals with major studios Paramount Pictures, Metro-Goldwyn-Mayer and Lionsgate Entertainment in a dispute over price. Since then, Showtime Chief Executive Matthew C. Blank has been negotiating with independent studios to build a supply of films that Showtime can run after the existing studio deals wind down.
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