Rights to Terminator Acquired
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.”
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