Sony puts in a last minute bid for the Terminator franchise
The studio is keeping mum but a source close to the bidding has confirmed that Sony put in a bid Thursday. This was the final day for submitting offers.
Lionsgate came in last month as the first bidder for the rights to the franchise. They offered $15 million and a 5% cut of future gross receipts.
Halcyon Group made the franchise available in September. The auction for all Terminator assets, which encompass the rights to future Terminator films, TV series, DVDs and merchandise, is going to be held Monday at the offices of FTI Consulting in Los Angeles. Two days later there will be a bankruptcy court hearing.
If Lionsgate doesn't get the franchise, it will take in $750,000 as a breakup fee from whoever wins.
Halcyon bought the Terminator rights from Mario Kassar in 2007. They then "filed for Chapter 11 as a result of a dispute with hedge fund Pacificor, which financed the purchase."
The Terminator was released October 26th, 1984 and stars Arnold Schwarzenegger, Michael Biehn, Linda Hamilton, Paul Winfield, Lance Henriksen, Bess Motta, Earl Boen, Rick Rossovich. The film is directed by James Cameron.
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Illuminati
brian, you are correct. about warners. my mistake about that.
I wouldn't mind LIONS GATE getting their hands on a biggie like TERMINATOR.
2 years agoby @illuminatiFlag
Brian
Terminator Salvation was Warner Bros. Not Lionsgate.
2 years agoby @brianFlag
Illuminati
Lionsgate gave enough leeway to McG. I used to hate the guy till he totally surprized me with T.SALVATION. It wasn't great but it was a good start to a new direction.
Lionsgate in the past has ALWAYS taken risks where other established studios have steered away to formulaic genre flicks. They had the balls to make small films like SAW, AMERICAN PSYCHO, IRREVERSIBLE, NARC, when SONY couldn't be bothered.
Now that L.GATEs can afford a biggie like TERMINATOR, they want to buy them out? Bugger off SONY!
TERMINATOR vs ROBOCOP was just a comic & a game. let's leave it that way...
as for ROBOCOP i'm itching to see what Aarronofsky does with that...that's a reboot with some REAL potential. If someone can do sci-fi with dark/drama it's HIM!
2 years agoby @illuminatiFlag
Null and Void.
I honestly do not care anymore.
2 years agoby @soylentgreenFlag
Emmytt
go sony
2 years agoby @emmyttFlag
Johnnyblaze09
I am okay with Lionsgate, can see an excitement for Terminator sequels and doubtful of Sony to bring this franchise in a go... but what really fits well for this type is Fox's, hope they'll pity this one if they've mind for this title.
2 years agoby @johnnyblaze09Flag
The Narrator: The Better Man
wow. What's with the McG hate. Have you seen his past films. he did pretty damn well on this movie (save casting Bale) and I think he needs another go at it. He was planning a trilogy and this was just a starter. it was going to get more and more dark and epic, to the point where we finally see the future Cameron had us see in the first two. So I am simply saying let him keep going. judging from this one thread about TS, 5/6 of the people on the thread loved it. So I say let em have it.
As for Sony having it well, that could be an interesting possibility.
2 years agoby @narratorFlag
PulpFictionMan
I dont know about sony. I want Lionsgate to get it
2 years agoby @pulpfictionmanFlag
JonSpidey07
hmmm
something tells me Warner Bros. doesnt believe in this franchise anymore
maybe thats why they are selling it
2 years agoby @jonspidey07Flag
ZanyZap
At this point, I don't care who's label is stamped on the film. I just want to see the film. Move forward, and while you're at it, throw McG into a lake.
2 years agoby @zanyzapFlag
Radimus-83
Yes it would.But it will never happen. And if it did, it would be terrible.
2 years agoby @radimus-83Flag
Twisted Smile (The Untold Smile)
You know what I really want rather than a straight Terminator sequel, is a movie adaptation of Robocop vs. Terminator. Now that would get me pretty excited.
2 years agoby @twistedsmileFlag
Yahzee
Better Lionsgate than Sony, they usually are not afraid of risks which is somethnig this franchise needs
2 years agoby @yahzeeFlag
Yahzee
James Cameron presents a J.J. Abrams film.........
OMG!!!! Now that would be awesome
2 years agoby @yahzeeFlag
Err
hmm.
2 years agoby @err2005Flag
Radimus-83
I'd rather Lionsgate have it. But really, i just want to see more Terminator movies.
2 years agoby @radimus-83Flag
Bawnian©-Dexeus
Agreed
2 years agoby @bawnian-dexeusFlag
Remy72883
see i totally agree with Jekku, the way the series ended was amazing but i want more of a story, it last ended with him in the future. come on give us more, and for this i bidding war i dont care as long as the series gets done right both visual and story wise
2 years agoby @remy72883Flag
Timmy
The only way i can swallow another terminator try is if it's something like this "James Cameron Presents a J.J. Abrams Film."
2 years agoby @timmyFlag
Timmy
This needs to go away.
2 years agoby @timmyFlag
Jekku
I just want them to make a direct to DVD sequel of TSCC and at least one more film before the inevitable reboot happens.
2 years agoby @jekkuFlag
Drewski37
hell id put my last 5 bucks up for it! heh
2 years agoby @drewski37Flag
Brian
I'm down for this grab.
2 years agoby @brianFlag
knobie09
and if they're lucky enough to buy united artist away from M.G.M.,the tri-star film firm could ressurface with full force.
2 years agoby @knobie09Flag
knobie09
sony should buy lionsgate as well!!!!
2 years agoby @knobie09Flag