Terminator Producers Go Bankrupt

Terminator Producers Go Bankrupt

Despite earning $370 million on Terminator Salvation (pre-DVD release), the owners of the rights to Terminator file for Chapter 11 bankruptcy.

By bsprecher - Aug 19, 2009 12:08 PM EST
Filed Under: Terminator








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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StephenStrange
StephenStrange - 8/19/2009, 12:11 PM
lol @ Sirprize
NataliaRomanov
NataliaRomanov - 8/19/2009, 12:11 PM
How can those guys be broke when the movie made that much money? Geez!
LEEE777
LEEE777 - 8/19/2009, 12:11 PM
They got TERMINATED sucker!!! ; D

Hey hows this gonna effect the DVD release?????
bsprecher
bsprecher - 8/19/2009, 12:12 PM
@Ozy: I don't do requests.
LEEE777
LEEE777 - 8/19/2009, 12:13 PM
TYLER @ Lol! ; D
bsprecher
bsprecher - 8/19/2009, 12:14 PM
@LEEE: Oops!

divo
divo - 8/19/2009, 12:14 PM
wow this is huge.
CRITIC17
CRITIC17 - 8/19/2009, 12:15 PM
Sucks to be them. Hey guys!!!! Check out my CBM users cast in DC movies in FAn Fic!!!!
TheNameIsBetty
TheNameIsBetty - 8/19/2009, 12:16 PM
Lol
bsprecher
bsprecher - 8/19/2009, 12:16 PM
@Ozy: Apparently, they will have the money to pay their creditors, they just don't have it now and they're being pressured to pay up.
bsprecher
bsprecher - 8/19/2009, 12:18 PM
@Ozy: Okay, there you go...
Phinehas
Phinehas - 8/19/2009, 12:21 PM
So what could this mean for the future of the franchise?
GUNSMITH
GUNSMITH - 8/19/2009, 12:21 PM
?
bsprecher
bsprecher - 8/19/2009, 12:24 PM
@Phinehas: There are a number of possible outcomes, including:

1. The judge allows them the time to earn money from TS DVD sales/merch to pay off their creditors. [Likely]
2. The judge rules that they must immediately sell off their assets to pay their creditors, which means another company would control the rights to make Terminator movies.
3. The case is so complex that the Terminator rights are in limbo until the case gets resolved, which could take years.
AvengingAngel1022
AvengingAngel1022 - 8/19/2009, 12:38 PM
wow thats to bad
LEEE777
LEEE777 - 8/19/2009, 1:19 PM
BRENT @ ; D
JoshWilding
JoshWilding - 8/19/2009, 2:52 PM
Terminator Salvation wasnt perfect but i still enjoyed it - if this means an endto the franchise the it'll be a real pity! still, ill be doing my part by buying the blu-ray, lol!! ;)
JoshWilding
JoshWilding - 8/19/2009, 2:54 PM
oh and, BRENT: is the 'Femme Fatale' poll really going to be the last!? ill really miss them if thats the case because commenting on news is nowhere near as fun as all the arguing and debates, lol!
mgalusick
mgalusick - 8/19/2009, 3:12 PM
wow...

That's nuts.
YohonKalic
YohonKalic - 8/19/2009, 4:48 PM
~~~~~~~~~~~~~~~~~~~~~~~

If they had kept the tits in the movie and not done a [frick] up job cutting the scene out, I think the movie would have done better.

~~~~~~~~~~~~~~~~~~~~~~~~
dizzongster
dizzongster - 8/19/2009, 6:01 PM
@ yohon - thats crazy talk. It would have had an R rating if that scene was in. That means they wouldnt have had all the ticket sales for kids 13-17, which is a huge chunk of the target audience for that movie. If it'd been R it would have hurt the box office earnings that much more.
Rumblebeast
Rumblebeast - 8/19/2009, 6:40 PM
i can only say L O L.........
slimybug
slimybug - 8/19/2009, 7:27 PM
I know this isn't the most mature thing to say, but...

HAHAHAHAHAHAAAAA!

That's what you get when you mess with the visions of brilliant men.
TeenIdol
TeenIdol - 8/19/2009, 11:02 PM
Oh McG you silly son of a bitch..
DDD
DDD - 8/20/2009, 12:38 AM
@Natalia took the words right out of my mouth...
...What the blazes is goin' on here?!!
cbsmitty2
cbsmitty2 - 8/20/2009, 11:09 AM
TERMINATOR- "I'll be back"

AUDIENCE- "Yeah about that, it doesn't seem like your goin to, but good try"
kyle
kyle - 8/22/2009, 1:39 PM
glad there wont be a terminator 5. james needs to come back or give mcg directing lessons.
Aiiwolf
Aiiwolf - 8/22/2009, 9:52 PM
So by the time they doooo come back? Bale wont want to be conner huh? uahaha. I guess we're going to have another john conner. and this time he sound even more different than bale.

Curse of john conner continuess....
bojovi
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