Terminator Franchise To Be Auctioned
The Financial Times reported that the rights to the Terminator film franchise will be auctioned in November 2009, by Halcyon, the production company behind the movie Terminator Salvation.
The rights will give the right to the buyer to make new Terminator films, TV programs and future films, but doesn't cover earlier Terminator films.
The sale will likely exceed $60 million, the price that the rights to Teenage Mutant Ninja Turtles was sold for, according to Matthew Garrahan, Financial Times writer.
The Terminator rights are not controlled by a big studio. Several buyers have expressed interest in Terminator including all of the big film studios with Sony Pictures being a leading contender.
The sale is being conducted by FTI Capital Advisors. Halcyon filed for Chapter 11 after due to a dispute with Pacificor, which is a hedge fund that lended Halcyon funds to buy the Terminator rights.
The rights to the franchise have changed hands numerous times and were sold to Halcyon for $25 million in 2007, by Mario Kassar, who produced Terminator 2: Judgement Day.
