NEW YORK -- Newly formed indie studio Summit Entertainment has named Richard Fay president of domestic theatrical distribution, William Lewis general sales manager of domestic distribution and Pam Araugo domestic Eastern division manager.
Summit launched last week as an alliance between former Paramount Pictures COO Rob Friedman and former Summit Entertainment CEO Patrick Wachsberger, whose company was absorbed into the new Summit venture with $1 million in backing from Merrill Lynch and other investors. The new studio will produce, acquire, market and domestically distribute films.
Fay will lead efforts to create the company's domestic distribution division, overseeing the domestic side of the company's plan to release eight films worldwide and four films in the U.S. and other select territories. He reports to Summit COO Robert Hayward.
Fay most recently was president of AMC Film Marketing for a decade, overseeing the theater chain's film buying, marketing and other dealmaking efforts.
During his more than 35 years in the film business, Fay has been senior vp and assistant GM at Sony Pictures Releasing, senior vp and head film buyer at United Artists Theatres and vp and film buyer at Loews Theatres.
Summit launched last week as an alliance between former Paramount Pictures COO Rob Friedman and former Summit Entertainment CEO Patrick Wachsberger, whose company was absorbed into the new Summit venture with $1 million in backing from Merrill Lynch and other investors. The new studio will produce, acquire, market and domestically distribute films.
Fay will lead efforts to create the company's domestic distribution division, overseeing the domestic side of the company's plan to release eight films worldwide and four films in the U.S. and other select territories. He reports to Summit COO Robert Hayward.
Fay most recently was president of AMC Film Marketing for a decade, overseeing the theater chain's film buying, marketing and other dealmaking efforts.
During his more than 35 years in the film business, Fay has been senior vp and assistant GM at Sony Pictures Releasing, senior vp and head film buyer at United Artists Theatres and vp and film buyer at Loews Theatres.
- 4/27/2007
- The Hollywood Reporter - Movie News
NEW YORK -- Armed with more than $1 billion in funding from Merrill Lynch and other investors, former Paramount Pictures COO Rob Friedman and Summit Entertainment president and CEO Patrick Wachsberger are launching a new Summit Entertainment Llc., a studio set to produce, acquire, market and domestically distribute films.
Friedman will be CEO and Wachsberger will serve as president of the studio, with both sharing the title of co-chairman. The company has absorbed the production, distribution and international sales outfit of the same name and will continue to function as a sales agent for its own films and outside projects through its new arm, Summit International. Wachsberger will lead that division as CEO.
Heading the company's executive team are three Summit veterans: COO Robert Hayward, production and acquisitions president Erik Feig and senior executive vp David Garrett, who will serve as president of Summit International. Ron Hohauser will join the team as CFO.
Each year, the company plans to produce about eight films for worldwide distribution and acquire about four films for distribution domestically and in other territories. Titles are expected to range from $15 million-$60 million in a wide variety of genres that Friedman described as "studio commercial fare."
The company is said to be in talks with at least two veteran executives to head its domestic distribution division, with an announcement expected shortly.
Friedman will be CEO and Wachsberger will serve as president of the studio, with both sharing the title of co-chairman. The company has absorbed the production, distribution and international sales outfit of the same name and will continue to function as a sales agent for its own films and outside projects through its new arm, Summit International. Wachsberger will lead that division as CEO.
Heading the company's executive team are three Summit veterans: COO Robert Hayward, production and acquisitions president Erik Feig and senior executive vp David Garrett, who will serve as president of Summit International. Ron Hohauser will join the team as CFO.
Each year, the company plans to produce about eight films for worldwide distribution and acquire about four films for distribution domestically and in other territories. Titles are expected to range from $15 million-$60 million in a wide variety of genres that Friedman described as "studio commercial fare."
The company is said to be in talks with at least two veteran executives to head its domestic distribution division, with an announcement expected shortly.
- 4/20/2007
- The Hollywood Reporter - Movie News
NEW YORK -- Armed with more than $1 billion in funding from Merrill Lynch and other investors, former Paramount Pictures COO Rob Friedman and Summit Entertainment president and CEO Patrick Wachsberger are launching a new Summit Entertainment Llc., a studio set to produce, acquire, market and domestically distribute films.
Friedman will be CEO and Wachsberger will serve as president of the studio, with both sharing the title of co-chairman. The company has absorbed the production, distribution and international sales outfit of the same name and will continue to function as a sales agent for its own films and outside projects through its new arm, Summit International. Wachsberger will lead that division as CEO.
Heading the company's executive team are three Summit veterans: COO Robert Hayward, production and acquisitions president Erik Feig and senior executive vp David Garrett, who will serve as president of Summit International. Ron Hohauser will join the team as CFO.
Each year, the company plans to produce about eight films for worldwide distribution and acquire about four films for distribution domestically and in other territories. Titles are expected to range from $15 million-$60 million in a wide variety of genres that Friedman described as "studio commercial fare."
The company is said to be in talks with at least two veteran executives to head its domestic distribution division, with an announcement expected shortly.
Friedman will be CEO and Wachsberger will serve as president of the studio, with both sharing the title of co-chairman. The company has absorbed the production, distribution and international sales outfit of the same name and will continue to function as a sales agent for its own films and outside projects through its new arm, Summit International. Wachsberger will lead that division as CEO.
Heading the company's executive team are three Summit veterans: COO Robert Hayward, production and acquisitions president Erik Feig and senior executive vp David Garrett, who will serve as president of Summit International. Ron Hohauser will join the team as CFO.
Each year, the company plans to produce about eight films for worldwide distribution and acquire about four films for distribution domestically and in other territories. Titles are expected to range from $15 million-$60 million in a wide variety of genres that Friedman described as "studio commercial fare."
The company is said to be in talks with at least two veteran executives to head its domestic distribution division, with an announcement expected shortly.
- 4/20/2007
- The Hollywood Reporter - Movie News
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