Despite earning $370 million on Terminator Salvation (pre-DVD release), the owners of the rights to Terminator file for Chapter 11 bankruptcy.
Hollywood accounting gives me a headache. I have a difficult enough time balancing my checkbook, so I can't even imagine how complicated it must be to produce a major motion picture. Apparently, it's even too complicated for the producers of Terminator Salvation, because they just declared bankruptcy, despite the fact that the May movie has earned more than $370 million at the box office.
Producers Derek Anderson and Victor Kubicek, who jointly own the rights to Terminator, claim their investors pushed them into making bad business decisions and illegally placed a lien on their companies. The list of creditors for their three companies is long and includes Terminator Salvation director McG and star Christian Bale. The original Terminator, Governor Arnold Schwarzenegger is also named in the suit.
It is unclear what this means for the future of the Terminator franchise.
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Brent Sprecher
8/19/2009
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