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SUMMIT ENTERTAINMENT AND PARTICIPANT MEDIA ENTER INTO AN AGREEMENT FOR WORLDWIDE THEATRICAL, HOME ENTERTAINMENT AND TELEVISION DISTRIBUTION
Agreement Runs Through 2013 And To Include As Many As 4 Films Per Year LOS ANGELES, CA January 21, 2009 — Summit Entertainment and Participant Media have entered into a multi-picture, multi-year non-exclusive distribution agreement which calls for Summit to distribute Participant's feature films through 2013, it was announced today by Jim Berk, CEO Participant Media and Summit Entertainment Co-Chairmen Rob Friedman and Patrick Wachsberger. The deal includes co-financing, international sales and rent-a-system arrangements, with both domestic and world-wide responsibilities for Summit. The pact between the studio and Participant, the leading provider of entertainment that inspires and compels social change, covers domestic and international theatrical, home entertainment and pay TV distribution. Plans call for as many as 4 films per year to be distributed through Summit and will include films funded under Participant's $250 million financing deal with imagenation Abu Dhabi, which commenced in September of 2008. Summit will also co-finance select titles with Participant, which will be distributed under the new agreement. Participant's marketing team will work in concert with Summit's marketing group to bring its product to the marketplace. "A core strategy for Participant is to secure a guaranteed path to the marketplace for our films, and this partnership with Summit Entertainment provides a long term association with a proven distributor for whom we have a great respect," said Berk. "We look forward to expanding our relationship with Summit beyond distribution of our films to include both co-development and film acquisitions." Added Friedman and Wachsberger, "Participant Media, with its unique combination of entertainment and social action, is one of the most respected independent film companies doing business today. As we look to further fill our pipeline of filmed entertainment product, Participant promises to be a great partner with a talented team of executives generating an exciting slate of films. This relationship fulfills an important piece of our business plan." Participant Media is the leading independent provider of content that inspires and compels social change. Since its founding in 2004, the company has financed, either entirely or in part, such films as the Academy Award® winning AN INCONVENIENT TRUTH and SYRIANA; the Academy Award nominated GOOD NIGHT AND GOOD LUCK, MURDERBALL, THE KITE RUNNER and CHARLIE WILSON'S WAR; and last year's independent breakout hit THE VISITOR. Upcoming films include FOOD, INC. and THE SOLOIST. About Participant Media Participant Media is a Los Angeles-based entertainment company that focuses on socially relevant, commercially viable feature films, documentaries and television, as well as publishing and digital media. Participant Media is headed by CEO Jim Berk and was founded in 2004 by philanthropist Jeff Skoll, who serves as Chairman. Ricky Strauss is President. About Summit Entertainment Summit Entertainment. LLC is a worldwide theatrical motion picture development, financing, production and distribution studio. The studio handles all aspects of marketing and distribution for both its own internally developed motion pictures as well as acquired pictures. Summit Entertainment, LLC also represents international sales for both its own slate and third party product. Summit Entertainment, LLC plans to release 10 to 12 films annually.  
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