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Summit Entertainment Signs Agreement to Show Films on HBO

May 26 (Bloomberg) -- Summit Entertainment LLC, maker of the “Twilight” vampire movies, agreed to show its films on Time Warner Inc.’s HBO pay-television service after a deal with CBS Corp.’s Showtime concludes in 2012.

The accord covers movies scheduled for release in theaters from January 2013 through the end of 2017, New York-based HBO and closely held Summit, located in Santa Monica, California, said today in a statement.

The deal gives HBO the rights to films including “Ender’s Game,” based on the Orson Scott Card’s science-fiction novel, the 3-D “Pompeii” and a remake of the adventure picture “Highlander,” according to the companies. The Showtime agreement expires at the end of next year.

The two final movies in the “Twilight” series are scheduled for release in November of this year and November of 2012, according to Internet Movie Database. Other Summit films in development for 2012 theatrical release include “The Perks of Being a Wallflower” featuring “Harry Potter” star Emma Watson, according to IMDB.com.

Time Warner, based in New York, gained 11 cents to $35.69 at 4 p.m. in New York Stock Exchange composite trading. The shares have gained 11 percent this year. CBS gained $1.12 to $27.45 and is up 44 percent this year.

To contact the reporter on this story: Michael White in Los Angeles at mwhite8@bloomberg.net

To contact the editor responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net

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