International sales, production and financing outfit Summit Entertainment has renewed its relationship with Peter Guber's Mandalay Pictures for another three year term starting Jan 2002. Summit has provided international sales and distribution for Mandalay since Guber founded the company in 1995, servicing its movies with international partners through its domestic deal with Sony Pictures and now Paramount Pictures.

The new deal, expected to yield an average of three films a year, kicks off with romantic adventure Beyond Borders starring Angelina Jolie and Clive Owen and directed by Martin Campbell. An epic story of the turbulent romance between two people set against the backdrop of the Medecin Sans Frontieres organisation, it starts principal photography on Dec 16.

Summit was responsible for setting up Mandalay's foreign partnership network with independents such as Nippon Herald in Japan, Constantin in Germany and C+P in France and the UK. It handled sales and servicing on films such as Seven Years In Tibet, Donnie Brasco and the upcoming Servicing Sara with Matthew Perry. Since Mandalay moved to Paramount, Summit has serviced its three films to date Sleepy Hollow, Enemy At The Gates and The Score.

"Peter Guber, Mandalay's chairman, is one of Hollywood's greatest and most prolific producers, a true entrepreneur and leader," said Summit president and CEO Patrick Wachsberger in a statement. "It'ss very exciting to work with him. I'm pleased to reaffirm this relationship which has been a keystone of Summit's business."