Terminator Franchise Bought and is Preparing to be sold.

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Terminator Franchise Bought and is Preparing to be sold.

Post  Nerdman3000 on Mon Aug 16, 2010 1:33 pm

In late September 2009, it was announced that the rights for the franchise are once again up for sale as the Halcyon Company tries to pull itself out of bankruptcy. In late October 2009, Halcyon announced it would auction off the rights to future Terminator material and is seeking $60-70 million, though thus far the only offer has been significantly less at $10,000 by director Joss Whedon. In December 2009, Halcyon issued a statement saying that they are looking at various options including sale and refinancing of the rights with an announcement on the outcome no later than February 1, 2010. On February 8, 2010, an auction was held to determine the owner of the Terminator rights. After studios Sony and Lionsgate bidded separately from 3 PM to 8 PM, Pacificor, the hedge fund who pushed Halycon into bankruptcy, made a deal for $29.5 million. As of June 2010, Pacificor has hired an agency to sell off the rights to franchise.

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