There have been plenty of successful film franchises over the last few years -- from the MCU to Star Wars and plenty in between. Not all franchises have been created equal, though, and one of the executives behind the uber-popular Twilight franchise knew that years ago when he missed out on inking the deal for a huge series.
Erik Feig was president of Summit Entertainment when the company helped make Twilight one of the biggest series of the early 21st century. Even though that franchise was a huge success, he told The Hollywood Reporter he wound up having some huge regrets, because he missed out on another massive teen drama:
When I was at Summit, I was bidding against Lionsgate on The Hunger Games, and we were the final two bidders. At the very end, Suzanne Collins’ agent countered to both of us. We countered back at Summit, and Lionsgate said, 'OK [to their counteroffer.]' I remember someone saying, 'Win some, lose some.' I was like, 'No, this was a big one.' My lesson at that time was if you really, truly believe in something, don’t get too clever with that deal. The project’s never going to live or die by that extra 5 or 10 percent. But what was so great is that once Lionsgate acquired Summit, I was able to be reunited with that book that I adored and take over from Catching Fire on.
In 2012, Lionsgate acquired Summit Entertainment, which meant that even though his company wasn’t able to close the deal on The Hunger Games, Erik Feig was still able to work on the series in the long run. His instincts, that The Hunger Games was a worthwhile endeavor, were spot on, as the film franchise was an incredible success for Lionsgate.
Of course, the Twilight franchise was successful in its own right, too. The five films in that series, beginning with 2008’s Twilight and ending with 2012’s Breaking Dawn - Part 2, grossed more than $1.3 billion combined at the worldwide box office.
Both series have recently come back in the news, as their respective authors, Suzanne Collins and Stephenie Meyer, both released new books this year -- and both have revived interest in the movie franchises. Suzanne Collins’ Hunger Games prequel, The Ballad of Songbirds and Snakes, has been greenlit -- and caught the attention of franchise star Josh Hutcherson.