Source: Deadline HollywoodDeadline Hollywood
has learned that the Halcyon Holding Corp. has sold the Terminator
rights to Santa Barbara-based hedge fund Pacificor for $29.5 million.
In the deal, Halcyon will receive $5 million for every Terminator
movie made from now on, as well as retaining revenue streams from the third
and fourth Terminator
Back in May 2007, rights to the series passed from producers Andy Vajna
and Mario Kassar
to the privately funded Halcyon for a reported $30 million.
It was Pacificor that lent Halcyon the money to conclude the deal, but Halcyon then accused the company of extortion, bribery, and fraud and demanded $30M in damages. The sale cancels any debt owed to either company.