TERMINATOR Film Rights are Up For Sale!
Comments(7)
- By Venkman
The rights to the Terminator franchise are up for sale again! The first thing that crossed my mind when I read this, was “Please let someone buy them that won’t let McG direct the next film.” The current owners who are selling the right off are, Derek Anderson and Victor Kubicek. The acquired the franchise back in 2007 for $25 million dollars, and then they produced Terminator Salvation, which I thought was a terrible representation of Terminator. The producing duo are currently working their way through bankruptcy, which is why they are selling. The LA times reports:
Anderson and Kubicek’s Halcyon Holding Group has engaged financial advisory firm FTI Capital Advisors, pending bankruptcy court approval, to “evaluate strategic alternatives,” according to a statement. Since Halcyon’s only valuable asset is the Terminator rights, any deal would involve an investment in, or outright sale, of them.
So they are also open to the idea of selling a part of the rights as well. They are now going to start contacting various film studios to see if they’re interested and what they are willing to offer. Kevin Shultz who is the senior managing director at FTI says:
We’re going to be contacting a variety of studios and independent companies. We think the values are considerably in excess of the purchase price.
There is no doubt a studio will pick up the rights to the franchise, it’s huge! And I’m sure we will see more Terminator movies. Since Terminator was born in 1984, the franchise rights have changed hands more than any other major Hollywood film franchise.
When the first movie came out, production company Hemdale Film Corp. owned a 50% interest and director James Cameron sold the other half to producing partner and future wife Gale Anne Hurd for $1.
Carolco Pictures, owned by producers Mario Kassar and Andrew Vajna, bought Hemdale’s stake in 1990 for $10 million and released “Terminator 2: Judgment Day” the next year. In 1997, after Carolco went bankrupt, they started a new venture, C2 Pictures, which bought their old company’s stake at auction for $7 million and the remaining 50% from Hurd for $7 million.
In 2007, Kassar and Vajna sold the rights to novice producers Anderson and Kubicek. They now claim that the Terminator rights are worth more than $60 million dollars. That’s more than double what they paid for it. I can only hope that whoever picks buys the rights to the Terminator franchise next will develop a great film out of it, and not continue down the path that McG has placed it on. Lets just move forward with the franchise like Terminator Salvation never happened. What do you all think!
Source: LA Times
Well, that's Hollywood for you. Michael Uslan has made a fortune by buying the movie rights to Batman! When he bought the rights, people laughed at him, and every studio turned him down. He had to wait until Tim Burton got interested, and the rest is history.
I agree i wanna forget that film and let someone reboot it with A good vision
i think that mcg did a great job on salvation now if you read my review on this site i said that mcg murdered the movie for me but the truth is i liked the movieand i would be happy with mcg doing a new flim for the terminator franchise i mean come on what was so bad about the movie the only reason people dont llike it is cuz its rated PG13 news flash the dvd will be r rated mcg did not show us all of the flim heknows what he shot and there will be 40 + min. of extended scenes so no won can judge this flim untill we see it all
Matt – take a deep breath and use periods
lol it won't mater what he put's in the dvd
If they put 40 minutes back into the movie then maybe it might make it better.
but the main problem with T-4 was the story, it was just a weird offbeat story , and poorly thought out.
motorcycle terminators ? giant harvester T's and the water "snake" T's are 3 things that ruined the movie. all you need is regular terminators, endo's and infiltrators and the air crft, and some ground vehicles. basically what was shown in T-1 is what people wanted to see now with cgi effects.
I think its time to end the Terminator film saga, Get james camron to direct a couple finale films, if you watch T2, in the beginig of the movie is the finale battle against skynet. so the humans did win. so that is what they should do.