With the success of New Moon, it left no doubt that Summit Entertainment has a huge franchise in their hands. Its lead stars are known globally and are constantly part of the media limelight. With New Moon’s phenomenal success and the third part of the series, Eclipse, due out next summer, the main dilemma for Summit Entertainment is the fourth and last part of the Saga, Breaking Dawn.

The book has received mixed reviews from fans and critics, and is the thickest book so far. Rumors are abiding that its going to be divided into two movies just like the last Harry Potter book but will Summit take the risk?

In an article by Variety, writer Michael Flemming tackles the dilemma of the movie company if they ever decide to split the last book. That means re-negotiations for the principal cast and of course, finding the right director. Rumor has it that Summit is set for scriptwriter Melissa Rosenberg to finish adapting the series and is intent for New Moon director – and fan favorite- Chris Weitz to come back. Here is an excerpt of his article:

They will likely have to cut a few big checks if they decided, as rumored, to split Stephenie Meyer’s final “Twilight” novel, “Breaking Dawn,” into two pictures. Sources said Summit has set Melissa Rosenberg — who wrote the first three films — to finish the series, but Summit has to clear several hurdles before Rosenberg learns how many more scripts she’ll write.

One of those hurdles is figuring out whether “New Moon” director Chris Weitz will respond favorably to overtures from the film company and the cast to shoot two more films, back to back.

Summit execs would not comment, but multiple sources said the company wants to go the two-film route, which means reopening negotiations and securing approval from the author. It also means making new deals with a principal cast that is only locked up for four films. If “Breaking Dawn” becomes two pictures, all of the key cast members will get fat raises, and the three principals — Robert Pattinson, Kristen Stewart and Taylor Lautner — could land paydays in the eight-figure range.

That’s what happened with key cast members when Warner Bros. extended its blockbuster “Harry Potter” franchise by turning J.K. Rowling’s last book, “Harry Potter and the Deathly Hallows,” into two films that will be released in November 2010 and July 2011. The global success of the franchise made the paydays worthwhile.

While the solution to most of Summit’s challenges will be determined by its willingness to open its wallet, the prospect of a Weitz return is more complicated.

To read the rest of the article, click on the link above.

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