Breaking News, Trends, Gossip And More

Poor, homeless Terminator. No one seems to want to hold on to this long-running series for more than a few years, even though the movies always do good business.

To be fair to the Terminator franchise, the current rights holders aren’t exactly in a prime position to be choosing to hold on to them. The Halcyon Holding Group is currently facing bankruptcy, and the Terminator rights bought for $25 million in 2007 are the most valuable asset on the company’s books.

The rights were being hawked around in September, but none of the interested parties bit. An auction was then proposed, but it now looks as though Lionsgate has nabbed the rights at the last minute.

According to The L.A. Times, Lionsgate has bid $15 million in cash plus 5 percent of gross receipts from any future movies. If the bid is successful, Halcyon will also keep all revenue generated by last summer’s Terminator: Salvation.

Lionsgate has been named the ’stalking horse’ bidder in the company’s bankruptcy filing, which means any rival bid will now have to be at least $750,000 more than the $15 million. Both Sony Pictures and Warner Brothers are thought to still be interested.

Related posts:

1. ‘Terminator’ Rights Up For Auction What is it about the Terminator series that means no one seems able to hold on to the rights (or want to hold on to the rights) for more than a few years? After having changed hands several times already, the rights are now all set to move again, with an auction taking place for [...]...
2. “Terminator” Franchise Rights To Be Auctioned–And Joss Whedon Is In! Yes, this can be yours!  Say, kid, got some money lying around? Have you been saving up from your paper route? Or did you go to one of those houses that hands out change instead of candy on Halloween? If so, why not put it into reviving a recently revived action film franchise that needs another [...]...
3. James Cameron on “Terminator Salvation”: Lukewarm, Shall We Say The opposite of “Salvation”: T4 could have killed the franchise.  James Cameron is all over everywhere promoting his new film “Avatar,” but the MTV Movies Blog got him to talk about his reaction to this year’s “Terminator Salvation.” Cameron, of course, got the hit scifi saga started with “Terminator” and “Terminator II.” First Cameron tried to give himself [...]...
4. "Terminator" Star Thomas Dekker Avoids DUI Jail Sentence Former “Terminator” TV star Thomas Dekker has escaped a jail sentence after pleading no contest to misdemeanor reckless driving on Monday. The charge stemmed from his DUI arrest in October, wherein a bicyclist was apparently injured. The 22-year-old actor was arrested on two counts of felony DUI on October 14 when he allegedly rammed into a [...]...
5. Box Office Challenge: What Really Sold You To See "A Christmas Carol" and "Precious" Over the Weekend? Good things come in small packages. I’m talking about *Precious*, a low-budget movie about an obese Harlem teenager that took in $1.8 million at just 18 theaters in four cities over the weekend. The take of $100,000 per screen is the highest ever for a limited release, especially one that Lionsgate picked up for chump [...]...

Comments are closed.