‘Twilight’ Financier Sues Summit Over Millions in Profits

9 April 2014 4:26 PM, PDT | Variety - Film News | See recent Variety - Film News news »

A financier to the original “Twilight” movie is claiming that it is owed millions of dollars plus interest from Summit Distribution because of “erroneous, deceptive and improper accounting practices.”

Goldcrest Film Distribution, in a lawsuit filed in Los Angeles Superior Court on Wednesday, said that it entered into an agreement with Summit in March, 2008, in which it bought certain distribution rights to “Twilight” in a pre-sale, and paid Summit $10 million to help cover the cost of making movie and three other films. Goldcrest claims that it was entitled to a portion of the worldwide net revenues from the films.

But Goldcrest claims that Summit understated the “Twilight” revenues and overstated its costs. It claims that Summit “improperly included” $6 million in retroactive bonuses to stars Kristen Stewart and Robert Pattinson as charges against the production, misrepresenting them as third-party participations. The suit alleges that the bonuses were charged to “Twilight” as »

- Ted Johnson

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