Just a few days after Liu Zhou took over Summit Entertainment, news of the studio's change in ownership began to spread across Hollywood.
While Summit Entertainment might not seem like much in the context of the entire United States, it still carried considerable weight within Hollywood.
Although the financial crisis had forced many small and medium-sized film companies into mergers or bankruptcy, it had not yet reached those second-tier film companies with genuine distribution capabilities. Summit Entertainment, however, was the first second-tier film company to be acquired thus far.
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