Halcyon Holding Corp. apparently has not sold the Terminator rights to either Sony Pictures or Lionsgate but to Pacificor a Santa Barbara-based hedge fund. It was sold to the tune of $29.5 million.
Interesting to note is that Halcyon previously accused Pacificor of extortion, bribery and also fraud, then demanded an amount of $30M in damages.
Halcyon receives $5 million for every "Terminator" movie made from now on, and retains the revenue streams from the third and fourth "Terminator" movies. An arrangement also was made that the sale now wipes out the debt Halcyon owed to Pacificor and all the other creditors.
Deadline Hollywood has the complete article.
I don't care who has the right, just as long as they'll make a better movie next time.
-ACCESS out. Godspeed and Mabuhay!