[2] In 1998, Summit acquired worldwide distribution rights to the entire filmography of Wim Wenders, including the then-upcoming Buena Vista Social Club, from Road Movies Filmproduktion; the deal however excluded The End of Violence, retained by Metro-Goldwyn-Mayer and Ciby 2000.

[5] After a string of flops including P2, Never Back Down and Sex Drive, Summit found success in November 2008 with the release of Twilight, a teen romance about vampires based on the best-selling book of the same name by Stephenie Meyer that made $408,773,703 worldwide.

In the spring of 2009, Summit released Knowing, the company's second movie to open #1 at the box office and made $182,492,056 worldwide.

In 2008, Summit Entertainment ranked in eighth place among the studios, with a gross of $226.5 million, almost entirely because of the release of Twilight.

On February 1, 2009, it was announced that Lionsgate would acquire Summit Entertainment, along with its library of six films and rights to the Twilight franchise,[9] but two days later, these merger negotiations broke down due to concerns over changing content.