Sunday, February 12, 2012

Summit int'l chief David Garrett to exit

Per month after Summit merged with Lionsgate, Summit co-founder and leader of worldwide David Garrett is planning to ankle the organization, based on sources with understanding from the situation.Reasons for Garrett's resignation weren't immediately obvious, but experts told Variety the professional grew to become emotional when talking about the merger a week ago while attending the Berlin Film Festival. It's unclear when Garrett will formally depart the organization.Word of Garrett's move may come as Lionsgate starts the integration of Summit staffers into its film procedures, spurring movement among executives from each side. A week ago, Summit's Erik Feig was named production prexy of Lionsgate Movie Group, as the former occupant of this publish, Alli Shearmur, is anticipated to segue to some creating deal.Garrett, Patrick Wachsberger and Bob Hayward formally released Summit in 1993 like a production, distribution and purchasers operation. The business's profile increased recently because it obtained using the "Twilight" franchise and fielded a best-picture Oscar champion with "The Hurt Locker." As lately because this past week, sources established that Summit's and Lionsgate's sales procedures continues out of the box for that relaxation of 2012, with both procedures -- Summit's headed by Garrett and Lionsgate's by Helen Lee Kim -- confirming to Patrick Wachsberger.(Diana Lodderhose led for this article.) Contact Rachel Abrams at Rachel.Abrams@variety.com

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