Tue Sep 29, 2009 — by Robert Greenberger

'Terminator' Rights Once More in Question

Halcyon's Chapoter 11 Filing Causes Concern

Pity Skynet. They rule the world of the future but can’t seem to get it right in the present. Rights to the Terminator franchise have been handed from one company to another and now Halcyon Holding Group is undergoing Chapter 11 reorganization which will affect plans for the Terminator.

Nikki Finke at Deadline Hollywood reports that Halcyon has retained FTI Capital Advisors to help them determine the best course of reorganizing. The production entity wound up this way after a dispute erupted between them and Pacificor, a Santa Barbara-based hedge fund.

“Based on our extensive due diligence, we believe the value of the Terminator franchise alone is substantially greater than the $30 million Halcyon paid for it in 2007,” Kevin W. Shultz, Senior Managing Director of FTI Capital Advisors, said in statement. “In our view, Halcyon enjoys a wide variety of strategic options and we intend to explore them all.”

In addition to the still-popular Terminator, Halcyon has first-look rights to the complete works of Philip K. Dick.

Terminator: Salvation suffered from weak reviews and poor box office, hoping to rake in some fresh cash when the DVD is released December 1. Producers from the television version, The Sarah Connor Chronicles, continue to hope to continue the saga in some new manner, possibly as direct-to-video tales. The second season DVD set was released last week.

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