Summit biz matters mind Matosich ankles

Summit Entertainment mind of economic matters Andrew Matosich is departing the studio to begin an purchases and development shingle having a first-look deal at his soon-to-be former company, Variety is familiar with.Matosich is ankling Summit of their own accord his departure isn't an element of the lay offs that turned from the The month of january acquisition by Lionsgate, sources say. Variety first reported Tuesday that four or five key Summit professionals were release included in the integration, and much more lay offs are anticipated.Matosich grew to become Summit's general counsel and business matters mind in 1995, focusing solely on business matters when Summit re-released like a full-service small-major in 2007. Named certainly one of Variety's top Hollyood dealmakers of 2011 in December, Matosich assisted negotiate the studio's purchase of "The Twilight Saga" and it has overseen all talent deals and production financing. More lately, he was accountable for settling a co-financing deal between Summit, OddLot and Digital Domain for "Ender's Game," slated for any March 2013 to produce co-financing and distribution agreement between Summit and RCR Media for that "Highlander" franchise and also the purchase of "The Evening Circus," which David Heyman is creating produce. Contact the range newsroom at news@variety.com