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Tom Barrack loses out on Summit deal, won't control studio that makes movies of his favorite 'Twilight' books

Twilight stars

AP Photo/Matt Sayles

Robert Pattinson, Left, Kristen Stewart, and Taylor Launter, right, arrive at the world premiere of "The Twilight Saga: Breaking Dawn - Part 1" on Monday, Nov. 14, 2011, in Los Angeles.

Lionsgate just announced that it's buying Summit Entertaiment, the studio that produces the popular "Twilight" movies, for $412.5 million. Not really hugely big news there, except that The Wrap is reporting that billionaire investor Tom Barrack's private-equity firm, Colony Capital, wanted Summit but dropped out of the bidding several weeks ago.

How can Barrack handle losing out on a chance to buy the studio that transformed the books he found...transformative! into movies? After all, it was the "Twilight" books that got Barrack through a dark night of the soul on a lonely yacht off the coast of Turkey.

I'm not making this up. The Wall Street Journal revealed all in 2010. The WSJ also ran the colorful memo that Barrack's "Twilight" experience compelled him to write to his employees.

Here's an extended taste:

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