Chapter 406 Summit Entertainment

Summit Entertainment was founded in 1993 and is located in Santa Monica, California.

Several of the company's founders, such as Patrick Wattsberg, Bob Hayward, and David Garrett, were ambitious people.

From the beginning, they positioned the new company as a top Hollywood player that could compete with major studios, rather than as a small production company.

But so far, this positioning is more like a joke. Like other challengers to major Hollywood studios, Summit Entertainment suffers from insufficient financial resources. They are unable to attract Hollywood's top directors and stars, and their box office performance ranks among the major distributors. He is only the deputy squad leader all year round.

From another perspective, Summit Entertainment has a good vision and has produced excellent independent films such as "Two Smoking Barrels".

Speaking of which, Summit Entertainment has rich experience in film production, and their team also has a good vision - but if you have a good vision, you also need luck to be able to come across a movie that sells big box office with a small budget.

As for high-cost, big-budget movies, if you don’t have enough funds, you really can’t make them.

But for "ambitious" small and medium-sized film companies like Summit Entertainment, which is unknown in Hollywood, how can investors trust them to invest money in large-scale productions?

It happened that Barron was not short of funds, so he hit it off with Summit Entertainment and invested in buying the film company.

However, from beginning to end, Barron did not show up, and did not even disclose to the other party the relationship between Blue Valley Capital, which acquired Summit Entertainment, and him.

This Blue Valley Capital was established by Barron through the New York branch manager of DS Capital and through a headhunting company to find several relatively experienced personnel.

It was only after arriving in Los Angeles that Barron met in person with Annika Dawson, CEO of Blue Valley Capital.

Annika Dawson, 32 years old, had experience in investment banking and consulting companies before becoming the CEO of Blue Valley Capital. Although she did not have too outstanding results, she was relatively calm and had enough experience.

Annika Dawson was personally recruited by Devin Stevens, the manager of DS Capital's New York branch. As the CEO of Blue Valley Capital, she also knew that the investment company's funds came from a company with the same relationship as DS Capital. Related funds, so there are also speculations about the people behind Blue Valley Capital.

But even so, after meeting the young British Duke in person and confirming that he was indeed the big boss behind Blue Valley Capital, she was still very excited.

After all, now, there is no need to question the ability of the richest man in England in business investment and management in front of me. Even some of the acquisition cases he has decided on have been studied by Annika Dawson before.

"Ms. Dawson, I am very satisfied with your performance in the acquisition of Summit Entertainment. The main job of Blue Valley Capital will be to assist and supervise the film projects behind this company."

After hearing what Barron said, Annika Dawson hesitated and asked:

"Your Highness the Duke, can you tell me that there are so many film companies in Hollywood, and with your strength, it is probably not difficult to acquire them even if they are one of the six major ones. Why did you choose Summit Entertainment?"

This is something Annika has always been puzzled about. If Blue Valley's capital strength is limited, then there is nothing wrong with finding a good small and medium-sized film company to acquire it.

But since he is a big boss like Barron Cavendish, why did he only take a fancy to Summit Entertainment?

"You should know, Ms. Dawson, I own a media group in England, and I personally also hope to test the waters in Hollywood. The reason why I chose Summit Entertainment is not only that the size of this company is more suitable, but also that their vision is very good. It’s not bad. Well, there’s also the name. I have a listed company called Summit Media..."

"..."

Barron's reason left Annika Dawson speechless. Are all big guys so willful?

Or maybe, it was a joke on his part.

As mentioned before, Blue Valley Capital was registered in the name of Rebecca, but with her current ability, Barron will definitely not let her manage the company until it is confirmed.

After Blue Valley Capital acquired Summit Entertainment, Rebecca only served as a director of Summit Entertainment and would be exposed to their film business, but now she is mostly just studying.

Rebecca readily accepted this. During this period of time, she has been continuing to study film and television production-related work, and hopes to gain some experience in such work.

As for the task that Barron had given her before, which was to pay attention to the best-seller lists in the United States and news about new serialized novels, the results finally came to fruition.

Half a month ago, Barron was on that list and finally saw "Twilight".

However, this novel has just been published and has not yet entered the bestseller list.

So he immediately made a decision and asked Rebecca to take someone to contact the author, and bought the film and television rights of this novel and the subsequent series of novels at a high price.

At this time, the author of "Twilight" was still a "newcomer", and "Twilight" was also her first published novel.

Not long after the novel was published, someone had already offered millions of dollars to buy the copyright of her novel, which made her extremely happy.

If she waits until "Twilight" is on the best-selling novel list, the price may not make her too happy.

But at this time, it is different.

Therefore, after confirming the authenticity of the matter, Rebecca successfully signed a contract with the other party and won the film and television rights of the "Twilight" series without spending too much effort.

After that, Summit Entertainment will wait until the novel has gained a certain popularity in North America before launching a film production project on the novel.

In addition to "Twilight", Summit Entertainment will also choose other movies for distribution after Blue Valley Capital injects capital.

However, the selection of movies will be screened by the management team of Summit Entertainment, and will only proceed after approval by the board of directors, that is, Blue Valley Capital.

It was also because of Barron's trust in their team's vision that he gave them preferential treatment.

That is, if there is a movie that the board of directors does not think is suitable to take over, but they are very optimistic about it, then every year they can have an opportunity to decide on their own to release the movie they are optimistic about.

Of course, such opportunities are also for small and medium-sized productions with a cost of less than US$50 million.

If it's a big production, given the current situation of Summit Entertainment, there's really no guarantee that they will be willful...