Media
Company Overview of Summit Entertainment, LLC
Company Overview
Summit Entertainment, LLC engages in the development, financing, production, and distribution of theatrical motion pictures for customers in the United States and internationally. The company handles various aspects of marketing and distribution for its own internally developed motion pictures and acquired pictures. It also represents international sales for its own slate and third party products. The company was founded in 1993 and is based in Santa Monica, California. As of January 13, 2012, Summit Entertainment, LLC operates as a subsidiary of Lions Gate Entertainment Corp.
1630 Stewart Street
Suite 120
Santa Monica, CA 90404
United States
Founded in 1993
Key Executives for Summit Entertainment, LLC
Summit Entertainment, LLC Key Developments
Jamba Juice Company announced in partnership with Summit Entertainment, LLC, announced the debut of the all-new Berry Bitten smoothie to celebrate the upcoming November theatrical release of "THE TWILIGHT SAGA: BREAKING DAWN -- PART 2." As part of the special promotional activities around the long-awaited conclusion to the beloved film series, Jamba is also sponsoring a "THE TWILIGHT SAGA: BREAKING DAWN -- PART 2" Premiere Sweepstakes on Facebook, in which one lucky fan will win a Grand Prize trip for two to attend the world premiere screening of the film on November 12 in Los Angeles.
Summit Entertainment, LLC reported consolidated earnings results for the year ended December 31, 2011. For the year, net revenue was $609,798,000, operating income was $13,366,000, pre-tax loss was $16,667,000, net loss attributable to the company members was $23,382,000, net cash used in operating activities was $76,697,000, and additions to property and equipment was $727,000.
Summit Entertainment, LLC entered into an Amended and Restated Credit, Security, Guaranty and Pledge Agreement among Summit, certain of its subsidiaries as guarantors, certain lenders specified therein, and JPMorgan Chase Bank, N.A. as administrative agent, amending the Credit, Security, Guaranty and Pledge Agreement dated January 13, 2012. The Amended Credit Agreement continues to provide for a senior secured term loan to Summit in a principal amount of $500 million, repayable in quarterly installments equal to $13.75 million, with the balance payable on the final maturity date. The Term Loan is also repayable periodically to the extent that excess cash flow is generated by Summit and its subsidiaries. All outstanding principal and interest under the Term Loan will be due and payable on September 7, 2016.
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To contact Summit Entertainment, LLC, please visit www.summit-ent.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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