Reuters reports that a U.S. bankruptcy judge has cleared the sale of the Terminator franchise to hedge fund Pacificor in a deal worth $29.5 million. In a hearing in Los Angeles today, U.S. Bankruptcy Judge Ernest Robles said that the sale to Pacificor would offer the best solution for the company’s creditors. Current owner Halcyon Holding had acquired the franchise in 2007 but fell into bankruptcy in August. Sony and Lions Gate Entertainment had jointly bid for the Terminator rights and were not selected; the judge today overruled their objection and cleared the way for the Pacificor deal.
Feb 10
2010
06:57 PM ET
Judge clears sale of Terminator franchise to Pacificor
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So sad it’s not Joss Whedon, though.
Great — give one of the greatest sci-fi franchises in movie history (at least the first 2, the 3rd was OK, let’s forget the 4th happened!!) to a random corporation. Might as well have sold the rights to Cyberdyne Systems, Inc.
Funny comment John but not so funny too.