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Summit Entertainment
Summit Entertainment is an American film production and distribution company. It is a label of Lionsgate Films, owned by Lionsgate Entertainment and is headquartered in Santa Monica, California. History Independent era (1991–2012) Summit Entertainment was founded in 1991Molloy, Claire (2010), p. 16. Memento'. . Edinburgh University Press. Retrieved November 14, 2010. by film producers Bernd Eichinger, Arnon Milchan, and Andrew G. Vajna to handle film sales in foreign countries. Summit officially launched in 1993 by Patrick Wachsberger, Bob Hayward, and David Garrett under the name Summit Entertainment LP as a distribution and sales organization. By 1995 they were producing and co-financing films, and by 1997 they started fully financing films. Among the company's early successes was '' American Pie'', which Summit distributed outside of English-speaking territories. In 2006, it became an independent film studio with over a billion dollars in financing backed by Merrill Ly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |