'Terminator' rights to go up for auction

mohammed tanko

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05/12/2009

'Terminator' rights to go up for auction


Saturday, December 5 2009, 04:14 GMT

By Mike Moody

'Terminator' rights to go up for auction

The rights to the Terminator franchise will go on the auction block on February 1 as part of Halcyon Holding Group's bankruptcy proceedings, reports Variety.

The sci-fi series and all of its properties - including DVDs, TV shows, merchandise and future films - are worth more than $375m (£225m), according to reports.

"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," Halcyon said.

Halcyon purchased the rights in 2007 for around $25m (£15m).

The short-lived Fox series Terminator: The Sarah Connor Chronicles and recent feature Terminator Salvation, starring Christian Bale, were produced under the Halcyon banner.
 
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