Summit biz matters mind Matosich ankles

Summit Entertainment mind of economic matters Andrew Matosich is departing the studio to start an purchases and development shingle getting an initial-look deal at his soon-to-be former company, Variety knows.Matosich is ankling Summit that belongs to them accord his departure is not some the lay offs that switched in the The month of the month of january acquisition by Lionsgate, sources say. Variety first reported Tuesday that 4 or 5 key Summit professionals were release incorporated within the integration, plus much more lay offs are anticipated.Matosich increased being Summit's general counsel and business matters mind in 1995, focusing exclusively on business matters when Summit re-launched just like a full-service small-major in 2007. Named among Variety's top Hollyood dealmakers of 2011 in December, Matosich aided negotiate the studio's acquisition of "The Twilight Saga" and contains overseen all talent deals and production financing. More recently, he was responsible for settling a co-financing deal between Summit, OddLot and Digital Domain for "Ender's Game," slated for just about any March 2013 to create co-financing and distribution agreement between Summit and RCR Media for your "Highlander" franchise as well as the acquisition of "The Evening Circus," which David Heyman is creating produce. Contact the number newsroom at news@variety.com