Summit Entertainment was founded in 1993 and is located in Santa Monica, California.
The company's founders, such as Patrick Wattsberg, Bob Hayward and David Garrett, are all ambitious people.
From the outset, they positioned this new company as a top Hollywood player that could stand on equal footing with the major studios, rather than a small-time production company.
However, so far, this positioning is more like a joke. Like other challengers of major Hollywood studios, Summit Entertainment is troubled by insufficient financial resources. They are unable to attract Hollywood's top directors and stars, and their box office performance has always been second to none among major distributors.
From another perspective, Summit Entertainment has a good vision and has produced excellent independent films such as "Lock, Stock and Two Smoking Barrels".
Speaking of which, Summit Entertainment has extensive experience in film production, and their team has good vision - but vision alone does require luck to come across a low-budget movie that sells big at the box office.
As for high-cost big-budget movies, it is impossible to make them without sufficient funds.
But there are countless "ambitious" small and medium-sized film companies like Summit Entertainment in Hollywood. How can investors feel confident in investing money in them to make big productions?
It just so happened that Barron had no shortage 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 reveal to the other party his relationship with Blue Valley Capital, which acquired Summit Entertainment.
Blue Valley Capital was established by Barron through the manager of DS Capital's New York branch and several relatively experienced people found through a headhunting company.
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, worked in investment banks and consulting firms before becoming the CEO of Blue Valley Capital. Although she did not have outstanding achievements, she was relatively calm and had enough experience.
Annika Dawson was originally 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 fund related to DS Capital, so she had some 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, at this point, there is no need to question the ability of the richest man in Britain in business investment and management. Even some of the acquisition cases he decided on had been studied by Annika Dawson before.
"Ms. Dawson, I am very satisfied with your performance in the acquisition of Summit Entertainment. The most important task of Blue Valley Capital in the future will be to assist and supervise the company's subsequent film projects."
After hearing what Barron said, Annika Dawson hesitated and asked:
"Your Highness, can you tell me, there are so many film companies in Hollywood. With your strength, it would not be difficult to acquire even the Big Six. Why did you choose Summit Entertainment?"
This is also something that Annika has always been puzzled about. If Blue Valley Capital's strength is limited, then it is understandable that it would find a good small or medium-sized film company to acquire it.
But since Barron Cavendish is such a big shot, why did he only choose Summit Entertainment?
"You should know, Ms. Dawson, I have a media group in England, and I personally hope to try my hand in Hollywood. The reason I chose Summit Entertainment is that the scale of this company is more suitable, and their vision is not bad. Well, there is also its name. I have a listed company called Summit Media..."
"…"
Barron's reason made Annika Dawson speechless. Are all big guys so willful?
Or maybe it was just a joke.
As mentioned before, Blue Valley Capital was registered in Rebecca's name, but with her current abilities, Barron would definitely not let her manage the company before they were proven.
After Blue Valley Capital acquired Summit Entertainment, Rebecca only served as a director of Summit Entertainment and was exposed to their film-related business, but now she is mostly just learning.
Rebecca gladly accepted this. During this period of time, she has continued to study film and television production, hoping to gain some experience in this kind of work.
As for the task that Barron had assigned to her before, which was to pay attention to the American bestseller list and news about new serial novels, it finally produced results.
Half a month ago, Barron finally saw "Twilight" on that list.
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 people to contact the author and buy the novel and the film and television rights of the subsequent series of novels at a high price.
At this time, the author of Twilight was still a "newcomer" and Twilight was her first published novel.
Not long after the novel was published, someone offered a million-dollar price to buy the copyright of her novel, which made her extremely happy.
If she waits until "Twilight" is on the bestseller list, such a price may not make her too happy.
But at this moment, it's different.
Therefore, after confirming the authenticity of the matter, Rebecca did not spend too much effort and successfully signed a contract with the other party to obtain the film and television rights of the "Twilight" series.
After that, Summit Entertainment will wait until the novel has gained a certain degree of popularity in North America before starting the film production project based on the novel.
In addition to "Twilight", Summit Entertainment will also choose other movies for distribution after receiving investment from Blue Valley Capital.
However, the selection of movies will be screened by the management team of Summit Entertainment, and will finally be approved by the board of directors, that is, Blue Valley Capital, before it can proceed.
It was also because Barron trusted their team's vision that he gave them preferential treatment.
That is, if the board of directors does not think a movie is suitable to be taken on, but they are very optimistic about it, then every year they will 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 50 million US dollars.
If it's a big production, given the current situation of Summit Entertainment, I'm not sure we can let them do whatever they want...