Goldcrest Film Distribution, a financier to the original “Twilight” movie is claiming that it is owed millions of dollars plus interest from Summit Distribution accusing them of ‘erroneous, deceptive and improper accounting practices.’
In the lawsuit filed in Los Angeles Superior Court Goldcrest claimed that it entered into an agreement with Summit in March, 2008, in which it bought certain distribution rights to “Twilight” in a pre-sale, and paid Summit $10 million to help cover the cost of making movie and three other films. The company accused Summit to understate its revenues and overstate its costs.
The suit states the movie cost $40 million to make and generated $392 million in worldwide box office revenue.
Summit gave no immediate comment.