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'Terminator' Series Sold for $29.5 Million
Source: Deadline Hollywood
Deadline 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 movies.
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.
Deadline 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 movies.
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.
Comment
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Comment by Moriel on February 10, 2010 at 9:33am -
Lets hope that the next Terminator movie will be better than the 4th...
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Comment by mst3k4evur on February 9, 2010 at 10:58pm -
@Funkay
I know how you feel and I'm actually really happy to see this happened because I think that a story about the future resistance to the machines CAN be good. Maybe now that it has been taken out of the incompetent hands of McG that can happen. Despite my love for the Dark Knight, I don't want Bale to come back either.
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Comment by metalraygear on February 9, 2010 at 8:21pm -
Does this company even make movies? I've never heard of them before
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Comment by FunkAy on February 9, 2010 at 8:12pm -
@Great LANDturn - its not the plot that bothered me, well maybe a lil i think that there was a lil too much fat in it. but for the most part it was bale that killed it, i just dont like him that much ( not becuz he yelled at that guy for no reason) but he acts the same in all his movies Public Enemies,Equilibrium,etc i dident even like him that much in dark knight (still awesome movie). but yea just for me i dont like it compared to the others, on its on its alright.
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Comment by Inter on February 9, 2010 at 6:50pm -
The series seems to be running its course but still.. 30mil? That's all? Fuck, they'll make that up in the next movie whether or not the movies shit or not.
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Comment by Mind_Cloud on February 9, 2010 at 5:36pm -
@ FunkAy- I thought the terminator Salvation was pretty good. I mean how can you make a better plot than than that, and it was a good way to kick off the trilogy. name me a bad part from that movie.
The third movie installment did suck though.
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Comment by FunkAy on February 9, 2010 at 5:00pm
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unlike you guys who want to end it, i cant let it i need closure and i want there to be a 5th movie. I really think that T4 was the worse out of the 4 but it cant end on that note.
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Comment by Taylor on February 9, 2010 at 3:43pm
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terminator 4 was fuckin awesome
nuff said
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Comment by Gift of the Magi on February 9, 2010 at 3:11pm -
heh heh...heh heh....heheheheheheh....
.......BWAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHHAAAAAA!
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Comment by Gary Schneider on February 9, 2010 at 2:37pm -
I was surprised by how good t4 actually was, but i highly doubt another movie will be any good whatsoever. Come one guys, you took a gamble with the terminator series by making another movie and it paid off, don't take another one!
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