Hedge Fund Holds Salvation for 'Terminator' Franchise
The bidding war over the rights to the Terminator franchise is over and the winner is... Pacificor? I'm sorry but I'm not familiar with their films. From Deadline Hollywood:
“Sony and Lionsgate dropped out at just under $29.5 million when it became clear that Santa Barbara-based hedge fund Pacificor was willing to pay almost any amount of money for Terminator.”
Oh. That's why I didn't know them. Pacificor is the debtholder that pushed Halcyon into bankruptcy in the first place. Now they've swooped in and traded that debt for the once lucrative franchise. I think it would be awesome if James Cameron bought them. Not so he could make another Terminator but so he could take a dump on Terminator 3 in front of director Jonathan Mostow's house.
No one knows what Pacificor plans to do with the rights but let's hope it's not to steal the technology and build their own army of machines. If robots become self-aware, there's no telling what kind of damage they may cause.