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    Pacificor wins rights to 'Terminator' series

    Pacificor wins rights to 'Terminator' series

    Hedge fund Pacificor has won the rights to the Terminator series following a heated bidding war.

    The Santa Barbara-based firm, which lent the Halcyon Group money to buy the sci-fi property back in 2007, bid $29.5 million to secure the rights ahead of Sony Pictures and Lionsgate at a five-hour auction yesterday.

    Sony and Lionsgate were initially bidding separately for the franchise, but decided to join up in an effort to out-muscle the Halcyon debt holder Pacificor. The studios dropped out as bidding reached the $29.5 million mark.

    According to Deadline Hollywood, Halcyon will pocket $5 million for every future Terminator movie made, as well as retain revenue from Terminator: Rise Of The Machines and last summer's Terminator Salvation. Halcyon's debt to Pacificor has also been wiped out in the deal.

    http://www.digitalspy.co.uk/movies/n...or-series.html

    #2
    Pacificor? Ummmmm, ok.....

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      #3
      Um...Who?
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        #4
        Originally posted by Linda06 View Post
        Um...Who?
        Howdy Linda
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          #5
          Originally posted by Ukko View Post
          Howdy Linda
          Um, h-hi Ukko
          sigpic

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            #6
            also...
            Hedge fund buys Terminator rights: Now what?

            In the popular consciousness, it would seem that the only force more nefarious than Skynet is a hedge fund, so it comes as huge irony that Pacificor has outbid Lionsgate and Sony Pictures for the rights to the Terminator franchise.

            **snip**

            So now that the auction is over, what does this mean for the beloved franchise?

            As the deal is subject to approval by the federal bankruptcy court handling Halcyon's case, not much, at least in the short term.


            It's likely that the case will be tied up in court for at least a while. "I suspect that Terminator will be something so tied up in legal red tape and rights that we won't see another film for a long, long time," Cinematical writes.

            Also, while Lionsgate was reportedly planning to reboot the franchise, what the hedge fund wants to do is anyone's guess.

            Since Pacificor isn't exactly a known quantity in the film business, how it will proceed is a mystery. What studio will want to partner up with a firm that's been sued by its last Hollywood partner for extortion?
            And without a Hollywood partner, how will a hedge fund produce a movie?

            **snip**
            http://scifiwire.com/2010/02/hedge-f...-terminato.php
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            The Sam Carter/Amanda Tapping Thunk thread The Sam/RepliCarter Ship Thread

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              #7
              Originally posted by Linda06 View Post
              Um, h-hi Ukko
              Hmmmm, she ran off

              *Goes to find someone else to share chocolate cake with*
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                #8
                Originally posted by Jumper_One View Post
                I don't get it, what is the point in buying such a popular franchise if you are not going to do anything with it?

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                  #9
                  Originally posted by Ukko View Post
                  Hmmmm, she ran off

                  *Goes to find someone else to share chocolate cake with*
                  *screeches to a halt* Cake? *runs back over* CAKE!!
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                    #10
                    Originally posted by Jumper_One View Post
                    Yeah, what gives. Why buy something when they aren't in a position to do anything with it
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                      #11
                      Originally posted by Linda06 View Post
                      Um...Who?
                      Yeah, we may not see another movie for quite some time.
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                      MS - "Boy, wow that's a great question!"
                      "...phu...ah..."
                      "Anyone know what SENTIENT means???"
                      Sunday is my favorite day for two reasons - Football and The Walking Dead

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                        #12
                        Originally posted by the fifth man View Post
                        Yeah, we may not see another movie for quite some time.
                        Too bad as I was hoping for another film in two or three years.

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