Rights to Terminator Acquired
February 9th, 2010
Well, the bidding war for the rights to the Terminator franchise is over, and the studio who obtained the rights is The Asylum! Yep, no more mockbusters for them! They're going totally legit! Okay, not really, we're lying, but could you imagine?
According to Deadline Hollywood Pacificor came away with Terminator movie, TV program, and other spin-off rights for a price tag of just 29.5 million dollars. As you could imagine, this didn't sit very well with studio giants Sony and Lionsgate, but thems the breaks, folks. The seller "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. An arrangement also was made that the sale 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."
Got news? Click here to submit it!
Fight for the future one price tag at a time in the Dread Central forums?
Recent Headlines
NEXT STORY
Director Profile: Deon TaylorI had the pleasure of first meeting Deon Taylor during my set visit for Dark Christmas in Sacramento in December, 2009. What struck me initially is that the writer/director/producer was a lot like this scribe, just an all-around movie geek with a love for the horror genre.
Is Terminator still considered relevant?
Submitted by Avid Fan on Tue, 02/09/2010 - 11:17am.
The TV show kicked ass. I'd love to see a continuation of that storyline someday -- it'd blow the new theatrical flick away.
Submitted by The Woman In Black on Tue, 02/09/2010 - 12:47pm.
I thought the TV show kicked ass too. It was flawed but very entertaining. And I still want to know if Sarah ever got cancer or if she was able to stop it and alter her fate.
Submitted by Terminal on Tue, 02/09/2010 - 12:52pm.