Is Summit's strategy up for it?

March 12, 2008 Last April, when it was announced that foreign-sales agent Summit Entertainment would evolve into a full-fledged production and distribution entity, executives said the company would aim to be a "truly modern studio built today for a changing future." The midrange "Down" (with a budget said to be in the $20 million-$25 million range), which centers on teenagers and mixed-martial arts (think "Fight Club" meets "The O.C."), will provide a critical referendum on the Summit approach. A second big bet, Catherine Hardwicke's teen-vampire drama "Twilight," also has few top names but looks to capture an audience familiar with the literary source material.

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