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Terminator - just found this.

Sony Pictures is the Highest Bidder for "Terminator" Rights

Posted: February 5th, 2010 by WorstPreviews.com Staff

The Halcyon company is desperately trying to sell the rights to the "Terminator" franchise in order to save some of its other dying businesses. Unfortunately, there aren't too many interested buyers.

As a result, the company previously named Lionsgate as a stalking horse bidder, which means that Lionsgate will set the bar by making the first bid and will keep other bidders from low-balling the purchasing price.

The studio offered $15 million and 5% cut of future gross receipts. But on the last day of bidding (Thursday), Sony Pictures put in an offer that is likely higher than Lionsgate's.

The actual auction will take place on Monday and it looks like Sony will acquire the "Terminator" assets, which includes the rights to future films, TV series, DVDs and merchandise. It's still unknown how much Sony bid for the franchise, but Halcyon bought it for $30 million in 2007 and expected to sell it for $70 million.



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