Terminator Franchise Snags a Low Bidder

Published 4 years ago by

terminator22 Terminator Franchise Snags a Low Bidder

The Terminator franchise rights are currently up for grabs and we’ve been reporting pretty extensively on the whole fiasco, trying to see (and predict) where they’ll ultimately land. Studios and independent buyers have been rumored to be circling the franchise, but the deadline is quickly approaching: Halcyon has to settle the matter by February of this year.

Nikke Finke over at Deadline Hollywood is now reporting that Halcyon Holding Group (which currently owns the franchise rights and put out last summer’s Terminator Salvation) has attracted a bargain-bin bidder, so that at least their worst case scenario won’t look so dire anymore.

The official term is a “stalking horse bidder” and in layman’s terms it’s a party which is chosen by a bankruptcy firm to hold a fixed low bid for the asset in question – in this case, the Terminator franchise rights.

Lionsgate (the Saw franchise) is reportedly the stalking horse bidder, so if nobody else ponies up (see what I did there?) a bigger stack of cash for the franchise, Lionsgate can start their negotiations at the price agreed upon with the bankruptcy firm (FTI Capital Advisors is handling the sale).

So what’s the purpose of all this “stalking horse” business? Basically, it gurantees that the bankrupt party (Halcyon) won’t get TOO screwed in the sale of their asset (the franchise rights), because potential bidders will have to beat the stalking horse bid. So when, for example, Dollhouse creator Joss Whedon offers a $10K bid for the rights, Halcyon can say “Sorry, got to go higher than that.”

Other names on rumored to be on the potential bidding list: Sony, Summit Entertainment and Media Rights Capital. Summit is on the come up right now – what with those Twilight profits – and could probably continue their exapnsion quite nicely with a property like Terminator. We all know Sony hit a hurdle this week when they had to scrap production on Spider-Man 4 in favor of a total franchise reboot – do they have a place for a Terminator on their franchise team?

exterminating a terminator p Terminator Franchise Snags a Low Bidder

However, with The Sarah Connor Chronicles barely lasting two seasons and Terminator Salvation pissing off more fans than it pleased – not to mention the narrative knot of too much time-traveling confusion – investors are probably thinking long and hard (TWSS) about jumping into bed with Terminator.

We’ll keep you updated as the auction progresses.

Source: Deadline Hollywood

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

23 Comments

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  1. “Lionsgate (the Saw franchise) is reportedly the stalking horse bidder, so if nobody else ponies up (see what I did there?)”

    I saw what you did Kofi, no need to point it out. Subtle cleverness only works when it remains up to the reader to figure it out. However, enjoyed the article and the info. :)

  2. The Terminator franchise deserve a respectful treatment.

    I wouldn't consider future movies (I mean, theater movies, the one you remember, this kind of movies….) without the Terminator.

    I'm confused, I have to admit that I'm confused. But 1984 Terminator had a critical hit on something that goes really deep, unconscious to me… maybe because I was far too young to watch T1 back there, maybe because it's really what will happen to us when we get them over singularity checkpoint….

    I don't know.

    Anyway, thank you Screenrant, J.Cameron, J.Friedman, J.Middletown for what you've done… fingers crossed for this auction stuff: you've got me.

    Kind regards,
    Mat.

  3. wow i'm really starting to believe we are nearing the end of terminator…Bollocks
    we need a miracle

  4. I still hope for a film in the futur so we can see the war, but for real this time. But they definitly need to bring back the ''horror'' part of the franchise first.

  5. Nonsense! It's a only a Hollywood Reboot(c) away from being saved!

    ..sigh…

  6. M33 is right

    Terminator needs respect. I just don't trust Lionsgate with Terminator. Lionsgate has put out some of the WORST movies ever made (Alone in the Dark) and only a few good ones (3 10 to Yuma, and the new Rambo). But looking at their Wiki page, 90% of their movies is trash.

    http://en.wikipedia.org/wiki/Lions_Gate_Enterta

    Please, someone “classier” pick this up.

  7. 10 points for the 'ponies up' line!

  8. Hmmmmm, Lionsgate huh? Like ogb and M33 said, I dont trust Lionsgate with Terminator. But is Summit a better choice? Who knows, maybe they can make a young John Connor with all this time travel stuff, and have Robert Pattinson play the role….
    *sigh*….

  9. Why bother, just keep the entire cast of Twilight

  10. You get a “C”. :)

  11. I'm hoping Phoenix Pictures is interested and gets it. Is Halcyon still trying to hang on to any rights? Like preferential treatment if the property goes back up for sale. Which could keep the franchise out of the hands of pure speculators.

  12. If summit got it, They may put Robert Pattinson as a John Connors who sparkles when he's in the sun, and romances a female terminator. Oh, theres the “horror” aspect for ya, Felix =/… LOL

  13. It's not as bad as you guys make it sound. I'd much rather a lean, mean, gritty $50 million dollar film where the director has total control over his film, like the original, rather than another watered down plotless CGI fest, like 3 and 4.

  14. I saw what you did, Kofi – and it was fun that you pointed it out. That was part of the comedic aspect of the post. I think someone is too busy grading papers to appreciate the humor of it… :-P

  15. i think it would be pretty good for lionsgate to own it, they do heaps good a job with most other movies (most MA/R movies i mean)

    hulk vs wolverine was done by lionsgate and that was pretty graphic and hardcore.

    its a shame the franchise screwed up, it had heaps of potential to not only make money but to tell a sort of original story

  16. Hulk Vs Wolverine? That's your example? A Cartoon.

    And no, Lionsgate does NOT do a good job with movies

    http://en.wikipedia.org/wiki/Lions_Gate_Enterta

    Don't mean to pick on you but c'mon, read that list and tell me how many good movies you can see.

  17. Lionsgate owns the rights to Rambo right? I smell a kickass crossover.

  18. lmao
    wouldn't be the first time…sigh.
    ;-)

  19. Was there ever really a “horror” aspect of the Cameron's Terminator films? I'm not trying to be critical, but I've always thought of them as straight-up action.

  20. I actually liked salvation ,dunno why people hated it so much :( .

  21. I liked Salvation too but now im worried, as a terminator fan im at a loss to see where this franchise is going to go now.

  22. I liked Salvation too but now im worried, as a terminator fan im at a loss to see where this franchise is going to go now.

  23. It is glad to see this blog, it is good and detailed fun to read this, nice informative blog, Thanks for share this article.

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