Summit Entertainment released an official statement in response to the leaks saying:

Summit Entertainment bought the rights to film an adaptation of the novel.

Summit Entertainment purchased distribution rights for the territories in March 2011.

Summit Entertainment and Participant Media were involved in the development of the film.

Summit Entertainment acquired the rights to the novel after three years of the project's stagnant development.

In 2008, Summit Entertainment took over the film's distribution rights.

A film version of the book is in the works at Summit Entertainment.

Summit Entertainment took on the responsibility to fully finance and distribute the film.

Summit Entertainment spent an estimated $10 million to produce and market Bandslam.

Three years later, Summit Entertainment acquired the rights to the film.