It was another good weekend for Summit Entertainment. The distributor behind last year’s meteoric hit Twilight has scored a solid hit with the Alex Proyas-directed Knowing, starring Nicolas Cage. Despite shaky word-of-mouth and negative reviews, the sci-fi thriller got a solid 9% bump on Saturday for a $9.7M second day, and it will likely finish its opening weekend with a possible $24.8M.

As a production company, Summit is responsible for some monster hits, including commercially and/or artistically successful films like Once (Oscar nominee for Best Picture), American Pie ($102..5M domestic), Memento (Oscar nominee for Best Original Screenplay: Chris Nolan), Mr. & Mrs. Smith ($186.3M domestic) and In the Valley of Ellah (Tommy Lee Jones nominated for Best Actor). But as a distributor, they got off to a slow start. (more…)

Hollywood execs seem to be waking up to the power of women at America’s multiplexes. The success of He’s Just Not That Into You (Warner Bros) and this weekend’s Confessions of a Shopaholic (Disney) can be traced to Meryl Streep’s witty riff on the tyrannical Anna Wintour in The Devil Wears Prada in the summer of 2006. Prada opened to a $27.5M weekend on its way to a $124.75M domestic cume (Streep also earned an Oscar nomination).

Then in July of 2007, New Line grabbed an almost identical $27.47M with the opening weekend of the female-skewing Hairspray, translating to $118.87M domestic. Also Enchanted, starring Amy Adams, was a hit for Disney over the holidays reaching $127.8M domestic.

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