Terminator Rights Sold To Surprising Bidder

Published 4 years ago by

Terminator Pacificor Terminator Rights Sold To Surprising Bidder

After months of speculation over who would become the new owner of the Terminator franchise, we finally have an answer. And it isn’t the studio you think it is.

Last we reported on the auction for the rights to any Terminator movies, TV shows and any spin-offs, Sony (who handled international distribution on Terminator Salvation) put in a bid that tried to top Lionsgate’s minimum bid of $15 million (plus 5% of future gross receipts). The bankrupt company that owned the Terminator rights, Halcyon Group, valued them at around $70 million but needless to say they didn’t get that.

Nikki Finke at Deadline Hollywood has the scoop that the Terminator rights auction has ended after a marathon bidding that lasted from 3pm to 8pm yesterday. So that’s five hours of “I have $16 million, do I hear $17 million?! $17 million in the corner, do I hear $18 million?!” Boring and exciting all at once!

Deadline Hollywood reports that after bidding separately for a while, Sony and Lionsgate teamed up after the first round was completed. A Lionsgate insider said, “We’re going to fight one hell of a fight.” But neither Lionsgate nor Sony ended up walking away with the rights; instead, in a questionable move Pacificor – the hedge fund company that sponsored Halcyon’s purchase of the rights and ultimately pushed them into bankruptcy – walked away with the rights to Terminator. Apparently, the result caused Sony Pictures Entertainment’s president of worldwide affairs, Peter Schlessel, to “storm out” of the auction building.

exterminating a terminator p Terminator Rights Sold To Surprising Bidder

"This auction has been Terminated."

The Terminator rights ended up going for less than half of the valued price, selling to Pacificor for $29.5 million. Sony and Lionsgate dropped out at just under that price when they realized that, “Pacificor was willing to pay almost any amount of money for Terminator.” Halcyon will still get $5 million in revenue from every Terminator movie made in the future and still retains the revenue source from the third and fourth movies in the franchise.

Supposedly, Halcyon’s debt to Pacificor and the rest of the creditors is now wiped clean because of the sale. Of course, this is all going to be approved or disapproved at the bankruptcy court when it’s presented to the judge at a hearing set for Thursday. You can read more details (including the background of who has owned the rights when) over at Deadline Hollywood if you’re interested.

The fact that Pacificor won the auction is kind of surprising, not to mention highly questionable. It feels a little like they were watching from the sidelines while Halcyon was in the middle of an important game, distracted Halcyon before an important touchdown and caused them to lose the game. And now that Halcyon is out of the game, Pacificor snuck in and made its move, blocking other studios with its determination to own the rights. How’s that for an analogy from a non-sports fan? icon razz Terminator Rights Sold To Surprising Bidder

terminator22 Terminator Rights Sold To Surprising Bidder

Putting aside who owns the rights for a second, all of us fans can now expect to hear word of where the franchise is heading pretty soon. Will Pacificor reboot it again, effectively pulling an Incredible Hulk by pretending the last movie doesn’t exist? Or will it continue on with the war with the machines that we saw only a part of in Salvation? And will McG be back to direct? His idea, we once heard, was to abandon the future war and travel back in time once again to present day. Personally, since we’ve already done that three times I’d prefer to see the current future war story continue on. Enough with that time travel business already…

Perhaps Lionsgate would have been the best studio to snag the rights, as an insider said the studio’s plan was for, “a complete reboot, back to basics, with real emotional stories, and effects that will be secondary.” Will Pacificor follow that plan? Time will tell.

What do you think of Pacificor being the new owners of the Terminator franchise (keeping in mind that Pacificor helped bankrupt the former owners)? Which direction would you like to see the next Terminator movie go in?

Source: Deadline Hollywood

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

19 Comments

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  1. Does this mean we won't see another terminator movie for almost ten years? You know this company will sit on the rights for a few years to get some DVD sales before doing anything.

  2. Weird. Totally thought Sony would get it. Guess we will see… do these guys know how to make films?

  3. I just read this on Ain't It Cool and had to jump over here to comment.. What the hell!?!?! Who is Pacificor???

    And why do I get this feeling that Halcyon just completely screwed over the Terminator franchise??? Sony should have gotten this. Or at least Lionsgate. And why couldn't have James Cameron jumped in this? Cameron could definitely bring this franchise that he is obviously so proud of… Avatar was smeared with “From the Director of Terminator 2″..

  4. KEEP it in the future goddamit if they go back in time that would be the most horrible non orininal piece of garbage ii have ever laid eyes on which is not cool. so im saying war machines humans toe to toe and alot of them or even one or two jus make it badass and yea dudde the whole pacificor and halcyon thing is a tad suspicious

  5. I just want to see one actor play John Connor for more than one film (NOT Christian Bale). That's all I want out of this franchise at this point, stop recasting John Connor every film.

  6. Amen, Vincent…I would love to see a single actor portray John, although I rather enjoyed Christian Bale in the role.

    I'd also like to see them stay in the future. The time-travel aspect has been done enough, and if they keep it up, there are going to be more paradoxes roaming around than we can count.

  7. i was hoping lionsgate would get it, most of their movie turn out good/great.
    and they're known for their graphic movies (hulk vs wolverine anyone ;) )

  8. mr bale was ok. the script didnt allow him to do much.

  9. Dont really know enough about Pacificor to have a valuable opinon. What else have they been involved with and so on…

  10. I've been thinking about McG's idea for the sequel. He said they'd be traveling back to present day, which, depending on when this movie is made/released, is at least post 2011.

    Salvation follows on from T3, right? So in the Terminator universe, the war's been going on since 2003. So… Even with the time travel aspect, they'd still be in the middle of the war.

    I'd still like them to continue on from Salvation, and start using laser weapons, but McG doesn't seem to be suggesting they abadon the future war altogether.

  11. I liked Bale too.
    Here's a novel idea…How about giving us what we've NEVER seen and always wanted, a down and out battle against the machines (in the future) with the human race winning. You could even stretch it out over 2 or 3 movies.

  12. Screw McG. I wasn't eager to see his directing in Salvation, and I was disappointed when I did. I'd definitely like to see a new director and potentially a new writing team.

  13. That's only if you believe McG gives a damn about the established continuity. He of course, does not.

  14. Keep it in the future please and keep with canon by supporting the links to the previous movies by showing the Arnold T800 going back in time as well as the T1000 too. Definately need to show the advancement in SkyNet though by moving on to the chrome Terminators and HK's and of course Laser based weapons.

    Has Pacificor made movies before? or do they mainly stick to the background of film making?

  15. You can bet that thyis typical corporate power move will result in everyone being screwed especiqally the fans. The best we can hoipe for is this Hedge Fun monsetr will dump the rights in leui of easier moeny elsehwere and someone deserving of it will pick up the rights. I would have loved to have seen Cameron get a hold of this and re-do it using his newly created AVATAR technology.

    Terminator and movies like the upcoming GL (Green Lantern) are prime films for making the max use of the tech created in the filming of AVATAR. Its a shame to see one of the most beloved franchises in filming history become the trophy of a corporate monster interested in making money from the destruction of other companies.

    A sad, sad day.

  16. I Hope that they either pull an Incredible Hulk, as you say. But only from the Third movie onwards. That James Cameron and William Wisher teams up for it together with Schwarzenegger, Hamilton and Bale and completes a trilogy. Schwarzenegger is still able to play the Terminator, actually more than ever, because he'll do what a Terminators purpose is ( to blend in ) better now than ever. That's the ultimate idea to me.

    The other way is to use William Wishers scripts for a number 5,6 ( he has penned scripts for those ), hire a GOOD director ( Cameron, Nolan, Watchowski's etc ), bring back Arnie, Hamilton and Bale and finish the franchise.

  17. I Hope that they either pull an Incredible Hulk, as you say. But only from the Third movie onwards. That James Cameron and William Wisher teams up for it together with Schwarzenegger, Hamilton and Bale and completes a trilogy. Schwarzenegger is still able to play the Terminator, actually more than ever, because he'll do what a Terminators purpose is ( to blend in ) better now than ever. That's the ultimate idea to me.

    The other way is to use William Wishers scripts for a number 5,6 ( he has penned scripts for those ), hire a GOOD director ( Cameron, Nolan, Watchowski's etc ), bring back Arnie, Hamilton and Bale and finish the franchise.

  18. stay in the FUTURE!!!!!!!!!!!!!!!!!!!!!!FUTURE!!! everyone is tired of the present day reboots. NO MORE PAST. if they do it in the past i will refuse to watch it. And i can bet most fans will too.

  19. you want a good terminator film? Cast Daniel Day Lewis as john conner and you could film that crap with terminators made of sticks using cap guns and it will be the best movie ever