Judge clears sale of Terminator franchise to Pacificor

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.

Comments (3 total) Add your comment
  • DocRules

    So sad it’s not Joss Whedon, though.

  • John

    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.

    • Snseblaze

      Funny comment John but not so funny too.

Add your comment
The rules: Keep it clean, and stay on the subject - or we may delete your comment. If you see inappropriate language, e-mail us. An asterisk (*) indicates a required field.

When you click on the "Post Comment" button above to submit your comments, you are indicating your acceptance of and are agreeing to the Terms of Service. You can also read our Privacy Policy.

Latest Videos

Advertisement

From Our Partners

TV Recaps

Powered by WordPress.com VIP