By Ryan Parsons | Image property of respective holders, Variety
What the? Just when we thought that the new owner of the Terminator franchise would either be Lionsgate, Sony or Warner Bros, it turns out that Halcyon Group's lender, Pacificor, wanted to keep the property under their heel.
Pacificor Nabs Terminator
Supposedly bidding a small fraction more than Sony and Lionsgate -- who combined their resources -- the investment fund Pacificor came out on top for future Terminator properties with $29.5 million. Not chump change for sure, but a single up to par installment could earn all that back for a willing studio.
Instead of offering a cut off future properties, Pacificor included a flat provision of $5 million to Halycon for each film sequel made. Since Pacificor has no experience with films, expect to see the investment group roll the property over pretty quick. Or should I say flip it?