As we reported a couple of months ago, the company that owns the Terminator, Halcyon subsidiary T Asset Aquisition, was forced into bankruptcy, due to the fact it couldn’t pay money that was due to a hedge fund called Pacificor, which funded the company’s purchase of the rights to the killer robots.
It’s just latest in a long strong of bankruptcies and financial troubles associated with the Terminator franchise, but has left the rights to the film series up in the air. Now Halcyon has hired an investment banking company called FTI Capital Advisors to try and help them keep hold of rights to The Terminator. They argue that the value of assets Halcyon owns is substantially more than the $30 million they owe Pacificor, suggesting this is borne out by offers for the rights they’ve received from the likes of Sony.
However, the key problem is whether they can secure funding to keep the Terminator franchise or if they’ll have to sell them in order to cover the Pacificor debt. If so, that means that if you’ve got millions burning a hole in your pocket, you could soon own the Terminator, John Connor and all his chums. At the moment Halycyon is desperately trying to find a way to keep the rights as the whole company is pretty much built on the android franchise, but many are suggesting that with little funds to cover repayments on any new debts, they’ll either be forced to sell them, or have to take on a partner that would end up owning a majority stake in the franchise. So get your chequebook ready!
CLICK HERE to read about how the Terminator has cursed every company that’s touched it.