Tuesday, September 29, 2009

"It's in your nature to destroy yourselves."

From ComingSoon.net:

"The Los Angeles Times has a lengthy and extensive report on the status of Derek Anderson and Victor Kubicek's Halcyon Holdings, who bought the rights to the Terminator franchise for $25 million in 2007 in order to produce this summer's Terminator Salvation, but who have now hired the financial advisory firm FTI Capital Advisors to look into their options, having filed for bankruptcy. The thought is that the sale of the rights to the franchise could help make the production company solvent again.

For much of the earlier part of the year, there was a lot of talk about there being a Terminator 5, mostly coming from McG, but the poor reaction and box office showing of Salvation, at least domestically didn't seem to warrant another installment."

That's what you get for making such a humorless movie with a lead actor who can't keep his mouth shut.


"Sony has joined Lionsgate in the bidding on the rights to the Terminator franchise.... The studio submitted a bid on Thursday, the final day for submitting offers.

Lionsgate stepped up last month as the first bidder for the rights to the Terminator franchise with a 'stalking horse' or floor bid of $15 million and a 5% cut of future gross receipts.

Halcyon Group put the franchise up for sale in September. The auction for the assets--which include the rights to future Terminator movies, TV series, DVDs and merchandise--will be held Monday at the offices of FTI Consulting in Los Angeles, followed by a bankruptcy court hearing two days later.

If Lionsgate doesn't win the auction, it will receive $750,000 as a breakup fee from the winning bidder."

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