As you may recall, last month we heard that the rights to the Terminator franchise would be auctioned off. Halcyon, the previous holder of the rights had to file for Chapter 11. Even Joss Whedon showed interest by mentioning he'd place a bid for $10,000. What will be the future of the franchise? And I'm not talking about whether or not Skynet will rule the planet.
Deadline Hollywood reported on a press release by the Halcyon Holding Group clarifying when we could expect to find out the fate of the franchise.
It still remains to be seen what affect this will have on McG's vision of having Terminator 5 take place in modern day London. If you're a fan of the franchise, start hoping that it'll end up in some good hands or the Terminator might not "be back" anytime soon.
“When Halcyon announced the bidding process for the Terminator franchise last month, we indicated that in addition to an outright sale of the property, we would also consider other strategic options, including a recapitalization of the company. 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. In addition, a number of attractive refinancing alternatives have also been presented. In order to maximize the value of a transaction for all of the company’s creditors and stakeholders, we are fully analyzing all these options. As a result, we will not be committing to a 'stalking horse' bid at this time. Nonetheless, given the significant positive interest in the Terminator franchise, we expect to be in a position to announce a successful sale or recapitalization no later than February 1, 2010.”