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Tuesday, September 29, 2009

Terminator Rights May Hit the Auction Block

Terminator Rights May Hit the Auction Block: "The Los Angeles Times has a lengthy and extensive report on the status of Derek Anderson and Victor Kubicek's Halcyon Holdings, who bought the rights to the "Terminator" franchise for $25 million in 2007 in order to produce this summer's Terminator Salvation, but who have now hired the financial advisory firm FTI Capital Advisors to look into their options, having filed for bankruptcy. The thought is that the sale of the rights to the franchise could help make the production company solvent again.

For much of the earlier part of the year, there was a lot of talk about there being a Terminator 5, mostly coming from McG, but the poor reaction and box office showing of "Salvation," at least domestically didn't seem to warrant another installment.

The Los Angeles Times report, which you can read here gets further into the history of the franchise, how the rights have changed hands over the 25 years since James Cameron's original movie, as well as some of the debts owed by Halcyon and the various lawsuits surrounding their bankruptcy."
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