Ender's Game to be made into franchise

Playlist writes:

Summit has acquired the rights to the movie and are planning to turn into a youth-oriented franchise and no surprise given the mammoth success of the “Twilight” serires. Next month, foreign buyers will get a chance to take look at the project as Hood will give a visual presentation of what he has in store at the Cannes Film Festival. Things are moving along and plans are get this one rolling by early 2012.

[Source]