Last week we wrote about Sony Pictures entering the bid for the rights to the Terminator Franchise that was being auctioning off by the Halcyon group. Well, the bidding is now over and both Lionsgate and Sony have lost. The winner? A Santa Barbara-based hedge fun, Pacificor.
Pacificor now owns the entire rights to all future Terminator movies and TV shows, after shelling out $29.5 million. As part of the deal Halcyon will also be able to keep revenue streams from “Terminator 3: Rise of the Machines” and “Terminator Salvation.” In addition, Halcyon will also get $5 million for every Terminator movie made from now on.
Sounds like one hell of a deal for Halcyon. Although I am a bit worried about the franchise in the hands of a hedge fund group who’s sole purpose is to just make money. That’s like the police entrusting all the guns to the mob. You know something bad is just going to happen. Or at the very least, they will negotiate ridiculously steep licensing fees.
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