By Ryan Parsons | Image property of respective holders, Variety
Terminator Salvation was not nearly as good as I wanted it to be, and it didn't do nearly as well as Halcyon hoped. Coincidence? I think so!
Since the fruits of their labor fell short on costs, an auction is now set for January for Halcyon Co. to sell the rights to future Terminator pics, TV series, DVDs and merchandise as part of its bankruptcy process.
Terminator Up for Auction
The franchise should most definitely sell, and an exec from FTI Capital Advisers, who are working with Halcyon, has already admitted that strong interest has been building since paperwork for the sale has gone out. Whether this is true or just a play by the company, one can only guess. But there is a perk we're told.
"This is a unique asset -- the only Hollywood tentpole asset that's not owned by a studio," said Kevin Shultz, senior managing director of FTI Capital Advisers.
Terminator Salvation, the latest film in the franchise, did cover the pricetag and then some from the worldwide box office. So what's the issue? It looks like the T-1000 required some complicated financing. Now Halcyon toppers Derek Anderson and Victor Kubicek told the bankruptcy court that they valued the Terminator franchise at above $70 million. Halcyon is also hoping that the winning bidder will instead recapitalize Halcyon, who has already got the wheels in motion for a fifth Terminator movie.