Movies
The studio, which distributed last year's Terminator Salvation internationally, has joined Lionsgate in the race to pick up Halcyon Group's rights to the blockbuster series. Sony reportedly submitted a bid on Thursday, the final day for offers on the property before Monday's auction and Halcyon's bankruptcy hearing.
Lionsgate offered $15 million and 5% of gross receipts on further Terminator productions to Halcyon, while details of the Sony bid have not been disclosed. Lionsgate will receive a $750,000 breakup free from the winning bidder should they not win the auction.
The Terminator film franchise has grossed more than $1.4 billion at the worldwide box office. The universe was further explored in the short-lived TV series The Sarah Connor Chronicles.
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