Pacificor, a hedge fund group, won the rights to the Terminator franchise with a $29.5 million bid. Apparently, Pacificor forced Halcyon, which owned the rights, to sell them because Pacificor owned the majority of Halcyon's debt, according to Empire Online. As usual, Deadline Hollywood has the breaking news, but Los Angeles Times blog, Company Town, has the best write up about this still-developing story.
Sony Pictures and Lionsgate, which both wanted the Terminator franchise, are apparently negogiating with Pacificor, which has never produced a movie, to secure the property.
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