Sony Bids On Terminator Franchise

Published 4 years ago by , Updated March 9th, 2013 at 1:40 pm,

terminator franchise sony Sony Bids On Terminator Franchise

Keeping with a February deadline, the auction of Terminator franchise rights is winding down. Last we heard, Lionsgate was the studio that had secured a position as a bottom line buyer, locking in a minimum bid that any other would-be buyer will have to top.

Well, Variety reports that another studio may in fact be trying to top Lionsgate’s bid, and that studio is Sony.

This news comes from a “source close to the bidding” who claims Sony put in its bid right on the Thursday deadline before bidding closed. Lionsgate’s “stalking horse” bid was $15 million for the Terminator rights and a 5% cut of future gross receipts; Sony’s bid hasn’t been revealed yet, but it had to be higher than the $15 million that Lionsgate has locked in. The bankrupt Halcyon Group (which currently owns the Terminator rights) valued the property at $70 million – looks like they’ll be settling for a bargain bin selling price.

The actual auction for the Terminator franchise assets – movie/TV/DVD rights, merchandise, etc. – will take place on Monday in LA; a bankruptcy court hearing for the Halcyon Group will take place on Wednesday. According to the terms of the stalking horse bid, Lionsgate will still receive $750,000 if the studio doesn’t win the auction.

Sony was the international distributor of Terminator Salvation, which was a disappointment at the domestic box office (part of why Halcyon went under) but still raked in almost $250 million of its $372 million total gross from the overseas markets. This means that Sony in fact made a good penny off of Salvation and would probably sees a viable opportunity in owning the franchise rights.

terminator22 Sony Bids On Terminator Franchise

For we, the fans, this means that in all likelihood more Terminator movies (and TV shows???) will eventually go into the pipeline – no matter who ends up with the rights.

All I hope is that whoever ends up owning Terminator does a better job making a film than the Halcyon Group ever did. I just downloaded a free (legal) copy of Terminator Salvation and watched it again; it’s just as bland and uninspired as I remembered it to be.

I’m sure there will be major announcements on this front when the auction takes place next week. Stay tuned.

Source: Variety

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TAGS: terminator, terminator 5, terminator salvation, the sarah connor chronicles

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  1. I just watch Terminator Salvation last night and I can't figure out why everyone is hating on it so much. It's not a GREAT Terminator movie, but it was still a Terminator movie. I actually enjoyed it. I thought the Terminators looked great and I thought Bale was pretty good as John Connor. The move definitely captured the post-apocalyptic feel that I was expecting from it. I know alot of people here hated it, but I only had some minor issues. I welcome more films in the franchise, although I think McG will be kept away by whomever wins the rights.

  2. Just when we thought terminator couldn't get any worse.

  3. Sony get busy and bring back Terminator: The Sarah Connor Chronicles to TV. http://www.savethescc.com

  4. Sony hired McG for Charlie's Angels. McG made Terminator Salvation. Sony made Spiderman 3. Then hires Webb for Spiderman Reboot. Now they want Jim Cameron's Terminator rights. Damn another franchise down the sh!tter.

  5. Ditto. It was no T2 but I liked it for all the reasons Andy S stated. And I don't care what anybody else says, I thought the Moto-Terminators were bitchin'!

  6. How many times did you feel threatened by the machines?

    Terminator has lost it's threatening element, and then replace it with a war story. Lame.

  7. How many times did you feel threatened by the machines?

    Terminator has lost it's threatening element, and then replace it with a war story. Lame.

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