Lionsgate Buys ‘Twilight’ Maker Summit for $412.5M

Movie and TV studio Lionsgate Entertainment Corp. is creating a Hollywood powerhouse focused on young adult audiences with its purchase of Summit Entertainment, maker of the teen hit “Twilight” series, for $412.5 million, which the companies confirmed Friday.

The cash and stock deal brings the “Twilight” franchise — which has grossed more than $2.5 billion worldwide since the first movie blew out of the gates in late 2008 — under the same roof with Lions Gate’s upcoming four-part series based on Suzanne Collins’ young adult novels, “The Hunger Games.”