I’m messin’ with you with that title, but all joking aside, Sci Fi Wire is reporting that the next Terminator franchise movie could be a bit closer to reality because the current rights owner to the Terminator rights hired a Hollywood talent agency to help sell the Terminator rights.
Pacificor LLC (a hedge fund company) bought the Terminator rights for just under $30 million at an auction earlier in ’10 after the previous rights owner went bankrupt. Ebay, here we come!
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Nikki Finke is reporting that Halcyon has sold the rights to the Terminator franchise for $29.5 million.
The winning bid was made by Pacificor, the debtholder company who pushed Halcyon into the bankruptcy state that forced this sale to begin with.
The sale eliminated the debt Halycon owed, and despite selling the rights, they will still receive $5 million for every Terminator movie made and retain the revenue stream from Terminators 3 & 4.
That seems fishy to me, but I don’t understand every angle of this tricky business of movie rights combined with financial failure, so I may not see every angle, but the fish tank seems full to me!
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