Saturday, December 5, 2009

Terminator Rights To Be Auctioned In February

The rights to the Terminator franchise will go on an auction block on February 1 as part of Halcyon Holding Group's bankruptcy proceedings.

The rights and all of its properties - including DVDs, TV shows, merchandise and future films - are worth more than $375m, according to reports.

"Over the past few weeks, Halcyon and its professionals have engaged in in-depth discussions and negotiations with numerous serious potential buyers, including several major movie studios," Halcyon said.

The winning bidder could be a party that's willing to recapitalize Halcyon, which has been developing a fifth 'Terminator' film.

Halcyon purchased the rights in 2007 for around $25m (£15m).

The shot running televison show 'Terminator: The Sarah Connor Chronicles' and McG's box office under performer 'Terminator Salvation' movie, were produced under the Halcyon banner.

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