Movies
'Terminator' rights to go up for auction
Published Tuesday, Sep 29 2009, 10:03 BST | By Simon Reynolds
According to the Los Angeles Times, companies owned by the pair are bankrupt and FTI Capital Advisors have been hired to "evaluate strategic alternatives".
The duo's Halcyon Holding Group's most valuable asset is the Terminator series rights, which they purchased in 2007 for around $25 million.
"We're going to be contacting a variety of studios and independent companies," said FTI senior managing director Kevin Shultz. "We think the values are considerably in excess of the purchase price."
Earlier bankruptcy court filings have the rights pegged at a $60 million valuation based on the box office performance of Terminator Salvation and its forthcoming DVD and Blu-ray release.
Anderson has claimed that Sony Pictures expressed an interest in purchasing Terminator outright, but the studio has declined to comment.
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