Hollywood Studios Lose Bid For Terminator Franchise Rights

The Terminator movie rights went up for auction today, and Sony Pictures and Lionsgate were bidding frantically back and fourth from 3:00pm to 8:00pm tonight. But as the dust cleared, neither movie studio came out the winner. Halcyon accepted a $29.5 million bid from a Santa Barbara-based hedge fund Pacificor, the debtholder which pushed the company into bankruptcy.Of course, this is subject to the approval by the bankruptcy court.

According

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