Sony Bids for Terminator Rights

Sony Bids for Terminator Rights

Lionsgate now has some competition for the Terminator rights...

By Ozymandias - Feb 05, 2010 03:02 PM EST
Filed Under: Terminator
Source: variety.com

This is from Variety:

Sony's joined Lionsgate in the bidding on the rights to the "Terminator" franchise.
The studio had no comment but a source close to the bidding confirmed that Sony submitted a bid 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 "Terminator" assets -- which include the rights to future "Terminator" pics, 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.


"I'll be back."



Thanks to Variety for the info.
About The Author:
Ozymandias
Member Since 7/25/2009
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