Movie News

Sony Puts in Bid for the Terminator Franchise

February 5, 2010

Sony has joined Lionsgate in the bidding on the rights to the "Terminator" franchise, reports Variety. The studio submitted a bid on Thursday, the final day for submitting offers.

Lionsgate stepped up last month as the first bidder for the rights to the "Terminator" franchise with a "stalking horse" or floor bid of $15 million and a 5% cut of future gross receipts.

Halcyon Group put the franchise up for sale in September. The auction for the assets--which include the rights to future "Terminator" movies, TV series, DVDs and merchandise--will be held Monday at the offices of FTI Consulting in Los Angeles, followed by a bankruptcy court hearing two days later.

If Lionsgate doesn't win the auction, it will receive $750,000 as a breakup fee from the winning bidder.

COMMENTS (45)

Posted by:

Gustav Graves

February 5, 2010

This franchise is worth so much more than a measly $15 million. I would expect at least $100 million.

Posted by:

Vaughn

February 5, 2010

I am hoping WB enters the fray for Sony will reboot the series like spider-man and redo everything.

I also am hoping Paramount buys Bond
And WB saves Hobbit for they might as well buy the rights so can make a ton of cash.

Posted by:

rustykneecapp

February 5, 2010

It will probably still be another 5 years before another Terminator movie. Hopefully Bale has nothing to do with it. There isn't even really any point in rebooting it. This just feels like a franchise that just needs to be left to sit and collect dust on. Let's move on people

Posted by:

joe asylo

February 5, 2010

well, finally a majoe studio doing it.

Posted by:

Vaughn

February 5, 2010

Not gonna happen. With right director this can be amazing. Besides Bale signed for 2 more and no way Sony or whoever passes up on the batman fame.

Posted by:

jacoby

February 5, 2010

i for one truly hope there is another salvation movie for the first one was great to me for it was like the other ones but just fell a little short at the end.

Posted by:

RichieG

February 5, 2010

It's just a shame that whoever buys the rights is gonna make more films. Terminator is already up with Alien in being the most overused and ruined franchise because after the first one and second did so well they keep making more and they just get worse each time.

The first one was groundbreaking with the great twist at the end where everything that happened in the film had to happen for the future to take place, the second was a bigger version of the original but ended fantastically with Judgment Day being stopped. But then they kept making more and they're just poor.

Posted by:

Lemmy

February 5, 2010

Terminator Salvation was a great movie! It's a shame that they propably won't make a trilogy... Salvation was far, far better than Avatar!!!

Posted by:

RossBondReturns

February 5, 2010

Let the franchise rot, complete idiots have ruined it. Lets hope Anderson and Kubicek spend the rest of there lives scrounging for a meal outside a soup kitchen.

Posted by:

Ian

February 5, 2010

I don't like Sony all that much, but I'd much, much rather they get it than Lionsgate.