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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