‘Terminator’ Bidding War Comes to Abrupt and Shocking End

The future has been saved — for now. Last week it was reported that both Sony and Lionsgate were in a heated bidding war to score the rights to Terminator, with newly revealed plans to reboot the franchise (oh come on!). Thankfully, they both lost out when “Halcyon Holding Corp accepted the $29.5 million bid from, of all parties, the debtholder which pushed it [the franchise] into bankruptcy, Santa Barbara-based hedge fund Pacificor. (This is the same Pacificor whom Halcyon accused in a lawsuit of extortion, bribery, and fraud and demanded $30M in damages.),” reports Deadline. My favorite part of the article states: “I’m told, prompted a furious Sony Pictures Entertainment’s president of worldwide affairs Peter Schlessel to “storm out” of the Downtown LA offices of FTI Capital Advisors holding the auction.” I’d be pissed too! Hopefully this will at least keep the franchise from being rebooted — but we all know that it’s inevitable and will be in 3-D.

 
Source: Deadline