LOS ANGELES (March 8, 2011) -- Summit Entertainment and Participant Media, in association with Imagenation Abu Dhabi, have acquired the feature film rights to The New York Times article titled “Deepwater Horizon’s Final Hour” published December 25, 2010 written by David Barstow, David Rohde, and Stephanie Saul. A planned filmed adaptation of the article will depict the courage of those who worked on the oil rig and the final minutes leading up to the disaster that ultimately led to great devastation that will forever be remembered. The film will be written by Matthew Sand. It will be developed by Summit Entertainment and Participant Media in association with Imagenation Abu Dhabi, and it is expected to be co-financed by Summit and Participant Media/Imagenation Abu Dhabi. Summit is negotiating with Lorenzo Di Bonaventura (RED, SALT, TRANSFORMERS) to produce the project via his Di Bonaventura Pictures banner. Summit’s President of Production, Erik Feig, stated, “This film will portray the great heroism that took place last year on the Deepwater Horizon rig and how colleagues so courageously came to each other’s aide. This piece in The New York Times evoked the raw emotion these brave men experienced and endured throughout the tragedy that took place in April of last year and we hope to evoke the same emotions for our audience with this movie.” Ricky Strauss, President of Participant Media, added, “This is a perfect fit for us–a suspenseful and inspiring real-life account of everyday people whose values are tested in the face of an impending environmental disaster.” Michael Garin, CEO Imagenation Abu Dhabi, said, “Our partnership with Participant Media, and by extension Summit, continues to generate movies which raise awareness of issues and inspire social change. This powerful account truly represents the ideal aims of storytelling, where the search for the truth uncovers everyday heroism in the face of adversity, and so is destined to be an important film appealing to international audiences all over the world.” Sand has written the screenplays for several upcoming projects including AMERICAN BY BLOOD, THE SUMMONER, THE RED STAR and BROTHERS IN ARMS. Feig along with Summit Entertainment’s Senior Vice President of Production, Geoff Shaevitz, are overseeing the project for the studio. Strauss and Participant’s Executive Vice President of Production, Jonathan King, are overseeing for Participant. ICM represents The New York Times and packaged the project. Sand is represented by ICM, Circle of Confusion, and Gang, Tyre, Ramer and Brown. About Summit Entertainment, LLC Summit Entertainment, LLC is a worldwide theatrical motion picture development, financing, production and distribution studio. The studio handles all aspects of marketing and distribution for both its own internally developed motion pictures as well as acquired pictures. Summit Entertainment, LLC also represents international sales for both its own slate and third party product. Summit Entertainment, LLC releases on average 10 to 12 films annually. About Participant Media Participant Media is an entertainment company that focuses on documentary and narrative feature films, television, publishing and digital content about the real issues that shape our lives. For each of its projects, Participant creates social action and advocacy programs to transform the impact of the media experience into individual and community action. Participant’s online Social Action Network is TakePart. Founded by Chairman Jeff Skoll in 2004, Jim Berk serves as CEO and Ricky Strauss as President. Participant's films include The Kite Runner, Charlie Wilson's War, An Inconvenient Truth, Good Night, and Good Luck, , The Visitor, Food, Inc., The Cove, The Crazies, Countdown to Zero, Waiting for "Superman” and Fair Game. About Imagenation Abu Dhabi Launched in 2008 as a subsidiary of the Abu Dhabi Media Company (ADMC), Imagenation Abu Dhabi has rapidly become one of the world’s leading feature film producers, playing an instrumental role in the development of a film industry in the United Arab Emirates. Imagenation Abu Dhabi develops, finances and produces Arabic and international features which offer fresh perspectives, have universal appeal and tell compelling stories that inspire, enlighten and entertain. The company has formed strategic international partnerships to develop those stories with a range of high profile producers, including Participant Media, National Geographic Films, Hyde Park Entertainment, Parkes /Macdonald Productions, Warner Bros., and Singapore’s Media Development Authority (MDA). Together they are producing commercial films and content that opens a unique window to the Middle East, Africa and Asia. In addition, Imagenation Abu Dhabi partnered with Warner Bros. Interactive Entertainment -- co-financing video games such as: SpeedRacer: The Videogame, Fear 2: Project Origin, Looney Tunes Acme Arsenal and Watchmen: The End is Nigh. Imagenation Abu Dhabi’s feature films include the Bollywood hit My Name is Khan, The Crazies, Shorts, Furry Vengeance, Peter Weir’s The Way Back and Jodie Foster’s The Beaver.