The auction for the rights to the Terminator franchise — including any movies, TV shows and spin-offs — has ended at $29.5 million. But the winning bidder was not a studio. Instead, the Santa Barbara-based hedge fund Pacificor picked up the rights. Sony and Lionsgate had put in earlier bids, but pulled out when it became clear that Pacificor “was willing to pay almost any amount of money for Terminator,” an insider told Nikkie Finke of Deadline Hollywood:
Halcyon Holding Corp accepted the $29.5 million bid from, of all parties, the debtholder which pushed it into bankruptcy, Santa Barbara-based hedge fund Pacificor. (This is the same Pacificor whom Halcyon accused in a lawsuit of extortion, bribery, and fraud and demanded $30M in damages.)
Under the terms of the deal, Halcyon will retain the revenue streams of Terminator 3 and Terminator: Salvation and will be paid $5 million for each film made from now on.