‘Terminator’ rights sold at auction
From Nikki Finke (of course): The auction for the Terminator movie rights just ended after a marathon bidding session today. 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. Halcyon will receive $5 million for every Terminator movie made from now on, as well as keeps the revenue streams from the movies Terminator 3 and 4. An arrangement also was made that the sale now wipes out the debt Halcyon owed Pacificor. The deal is subject to approval by the bankruptcy court.
It was not made clear how this affects the comic rights.