Terminator Rights Have Been Sold

An auction for the rights to the Terminator movie, TV program, and other spin-offs happened yesterday afternoon. After a whirlwind of bids by Sony, Lionsgate and several others you would be very surprised to find out who came out on top. Pacificor.

This is odd because this is the same studio that caused the right holders, Halcyon Holding Corp, into bankruptcy. Halcyon apparently even sued the studio for extortion, bribery, and fraud and demanded $30M in damages. So how much would you have to pay if you wanted to own these rights? $29.5 million.

According to Deadlline Hollywood, Halcyon will receive $5 million for every Terminator movie made from now on, as well as retains the rich revenue streams from the movies Terminator 3 and 4. Sources behind Halcyon claim to me that the arrangement made now wipes out the debt Halcyon owed to Pacificor and all the other creditors. Of course, the deal is subject to approval by the bankruptcy court. It will be presented to the judge at a hearing on Thursday.