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Next Gen 2010: Hollywood's Young Guns

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    Michael Schaefer
    Bill Phelps
    Michael Schaefer, 34
    Senior vp acquisitions and co-productions, Summit Entertainment

    "I went to business school because the last thing I wanted to do was make movies," says Schaefer, who grew up in Cologne, Germany, the son of a movie director and producer. "Turns out I only wanted to make movies." After stints as an indie producer and working for New Line senior vp European production Ileen Maisel (The Golden Compass) in London, a visit to the Festival de Cannes found Schaefer breakfasting with Harvey Weinstein, who hired him "on the spot." After working for two years at the fledgling Weinstein Co., Schaefer moved over to Summit, where he has enjoyed an impressive run: He acquired The Hurt Locker at Toronto in 2008 and is overseeing, among others, an untitled Seth Rogen and Joseph Gordon-Levitt movie and Impossible, starring Naomi Watts.

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