Friday, March 11, 2011

Summit Entertainment Projects Earnings of $1.2 Billion for Breaking Dawn!

Breaking Dawn breaking dawn 535x401 280x209 Summit Entertainment Projects Earnings of $1.2 Billion for Breaking Dawn! breaking dawnCah-Ching! The powerhouse that is the Twilight Franchise is well known for its lower budget style. With the last two films pouring in some major cash flow, Summit Entertainment not only went all out on the final two films of the saga, but also are projecting an astronomical amount in profits.
Summit’s two coming blockbusters, “Breaking Dawn 1 and 2” will cost $263 million — not the $200 million previously reported — and are projected to bring in a staggering $1.2 billion for the studio, according to confidential documents obtained by TheWrap.
But the biggest news may be the cost structure behind the fourth and fifth installments of Summit’s blockbuster Twilight franchise. “Breaking Dawn 1” will cost $127.5 million, but according to the documents Summit only has $38.4 million at risk. The film will be released in November 2011.
The second film, “Breaking Dawn 2,” cost $136.2 million, with Summit’s exposure limited to $51.2 million, according to the documents.
The studio anticipates revenues of $1.2 billion related to just those two pictures, the documents say. They are projecting a profit of $228 million for the first film and $219 million for the second for a total of nearly $450 million.
The budgets of “Breaking Dawn” may be higher than expected, but they are relatively modest when compared to other Hollywood blockbusters.
Nonetheless, the costs have skyrocketed from the first film, when the studio put up a mere $37 million for “Twilight” and reaped $231 million in profits.
(Source: The Wrap)

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