Terminators just don’t die. You can kill em, but they just build another one. Judgement Day cannot be averted. We thought it was over with Salvation as it failed to save the franchise from bankruptcy, but after a fierce battle with Sony and Lionsgate over the auction for the rights, it appears that Pacificor, the creditors that put Halycon into bankruptcy in the first place have overbid to lay claim to the corpse.
Obsessed with Film reports:
In the end it was Santa Barbara-based hedge fund Pacificor, the debtholder who pushed previous owners Halcyon into bankruptcy. The final bid was said to be $29.95 million, and Nikki Finke has reports that the major Hollywood studios backed out when it became obvious Pacificor weren’t letting anyone else get their hands on the property.
As part of the deal, Halcyon will receive $5 million per every new Terminator movie greenlit, and will keep all future revenue earned from Terminator 3: Rise of the Machines and Terminator Salvation.
I find it interesting that the company who forced Halycon into bankruptcy to begin with has become the bidding winners of this property.
Sounds like this was their plan all along. Hostile takeover of sorts.
Now what they might do with the property is unknown. Maybe McG will get his chance to make that Terminator 5 he was bragging about.
I was hoping they would let Terminator fade in its bittersweet history, but with this much cash being tossed around to secure the property, I am sure they will do something with it.
Maybe a musical?
