Posted on Thursday, February 11th, 2010 by Russ Fischer
The Terminator rights sale saga just keeps on going. At the beginning of this week, Sony and Lionsgate were jointly bidding for the rights to the Terminator franchise. They lost out to Pacificor, the hedge fund that had loaned money to Halcyon to buy the Terminator rights in the first place, before calling in the debt which caused the rights to go up for sale.
If you think about that for a second, it looks kinda fishy. Sony and Lionsgate think so. Lawyers for Sony say that their bid was the best one, but that Halcyon and Pacificor had struck a deal last Friday, essentially rigging the sale in favor of the hedge fund. But now there’s a new wrinkle. After some negotiation, Sony and Lionsgate have been given an option to negotiate to produce and distribute the next Terminator film. Read More »