Part 4

In April 2007, Rizvi Traverse acquired an equity ownership stake in Summit Entertainment, the studio behind the successful “Twilight” series. In January 2012, Lions Gate announced that it had acquired Summit Entertainment for $412.5 million.

In 2005, his firm acquired controlling interest in International Creative Management, but sold its stake. After management problems with the Hollywood talent agency, Rizvi Traverse Management exchanged its equity, "for a combination of cash, preferred non-voting shares and an ongoing interest in certain assets of the company. The firm also helped Hugh Hefner buy back Playboy Enterprises in 2011.