New Summit studio launches with over $1bn in funding

By 2007-04-19T21:54:00

Rob Friedman, the former vice chairman and COO of Paramount Pictures, and Patrick Wachsberger, the head of Summit Entertainment LP, have unveiled their long-in-the-works production and distribution company which has immediate access to $1bn in funds from a financing deal led by Merrill Lynch and a consortium of investors.The company, ...

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