A couple of weeks ago it looked like Lionsgate might end up paying a paltry 15 million dollars for the rights to the Terminator franchise from bankrupturing Halcyon Holding Corp. But according to Nikki ‘Frau Blucher’ Finke, the auction ended today and Lionsgate didn’t win. Neither did Sony. Who got the rights? Pacificor.
No, that’s not a Voltron villain. It’s a Santa Barbara-based hedge fund that’s probably run by a Voltron villain. While a hedge fund sounds like a place where a gopher hides his food, it’s actually a big investment group. Or something – I looked it up on Wikipedia and immediately passed out. This story should have been written hours ago, but I was snoozing on my keyboard the whole time.
What’s wacky here is that Pacificor originally loaned Halcyon the money to make Terminator Salvation and then Halcyon accused them of extortion and fraud and sued them for 30 million dollars. Since Pacificor just paid 29.5 million I’d say they got off easy! I don’t really understand any of this except to view it through the metaphor of spousal abuse – ‘Yes, it’s terrible when Pacificor pushes me into bankruptcy, but you aren’t there to see the look in their eyes when they fund my attempts to make the black hole of screen charisma, Sam Worthington, a star!’
I don’t know what this means for the future of the Terminator franchise. And you know what? I kind of don’t care.
15 comments
How fuckin weird. You'd think some big-shit studio would pony up the cash for a franchise of that size, with so much potential left, even after T3 and Salvation.
I don't think anyone cares..
I'm suprised Jim Cameron didn't throw his name in the ring to buy it back, that's spare change for him… What a bargain price, 29 Mill… License some toys, couple of comic books and a cartoon series and they've got their money back…
More negativity, Devin? I'd have thought if the Terminator franchise is actually given to a film-maker who knows his arse from his elbow, it's something we should ALL care about. Now go create something worthwhile of your own, or stop bitching about other artist's work like a whiny tubster.
God, how sexy. A hedge fund… Yeah, I would have thought JC's ego would demand that he get his property back – but I guess as soon as his name gets attached to a bidding situation like this the perceived value goes through the roof and he loses the low asking price.
Indeed. However, jeffrey, we don't know the reason for the purchase and it may turn out that Securicor have bought the rights to sell them on at a profit some time in the future, so we may yet see Brett Ratner's T5 yet. Or maybe (dribble) Paul Verhoeven's Terminator: look at the titsch and pushy. Or maybe even Nancy Meyer's Terminator: Love in a Hard Place. We'll see I guess. Just lay off Devin, he can't help being a eunach.
Funny how in his review the only part of Salvation Devin liked was Moon Bloodgood…and then surprise, surprise, an EXCLUSIVE interview with the talentless woman shows up on this site.
"Nikki 'Frau Blucher' Finke" = I stand and applaud you, sir.
I thought Channing Tatum was the black hole of screen charisma…
no, devin has a strange fondness for channin tatum. So even though he is a terrible actor, Devin must equate everything with "Avatar" as soulless and wrong…dont worry devin, i see your trickery
Devin –
re: hedge funds; its sad to see somebody who prides himself on being so intelligent most of the time proudly admit that they can't follow the basics of financial institutions. I imagine you have no shortage of opinions on the financial industry, nonetheless.
way to be no better than them intellectual-hatin' rightwingers you're always complaining about
who made that embarrassing 'The Terminators' movie? they certainly have big shoes to fill..
Two words – TERMINATOR BABIES…
Agreed, I give a shit less.
@#11: http://en.wikipedia.org/wiki/Hedge_fund – would you agree this is reasonably accurate? In what way is this good news for the Terminator franchise? Please Enlighten us.
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