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Yet another media company has been forced to restructure. Halcyon Holding Group, which owns the Terminator franchise and which filed for Chapter 11 protection last month, has hired FTI Capital Advisors to evaluate strategic alternatives for the company. Halcyon is in a dispute with Pacificor, the Santa Barbara-based hedge fund that financed Halcyon’s purchase of the Terminator franchise. FTI Capital Advisors will work with Halcyon’s management and bankruptcy counsel to help the company negotiate the Chapter 11 process and maximize the value of its assets, which in addition to the Terminator franchise also include first-look rights to the works of science fiction writer Philip K. Dick. “Based on our extensive due diligence, we believe the value of the Terminator franchise alone is substantially greater than the $30 million Halcyon paid for it in 2007,” Kevin W. Shultz, Senior Managing Director of FTI Capital Advisors, said in statement today. “In our view, Halcyon enjoys a wide variety of strategic options and we intend to explore them all.”
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First Carolco Pictures, now Halcyon Holding Group. Throw the damn franchise to the whale.
$30 million! Yeah!
I’m beginning to think that the Terminator franchise is jinxed for any company that makes a Terminator movie.
Look at the list:
Hemdale (T1 producer)- Gone
Orion (T1 distributor)- Gone
Carolco (T2 producer)- Gone
Halcyon- Going
Looks like the old Terminator’s best at terminator companies. Maybe it’s time to let sleeping killer cyborgs lie.
Wasn’t this franchise also once owned by Carolco – a company that also went bankrupt owning properties like Terminator and Rambo???
Whoa! Whoa! Whoa! Wait a minute. Yesterday it was MGM’s James Bond, today it’s The Terminator on the ropes. WTF! The recession, the strikes (real and de facto), new media, bad management, bad luck, bad hair,… – What’s going on?
@splinter, you just articulated exactly how I feel from day to day. The “Whoa! Whoa! Whoa!” almost needs to be done in the style and inflection of Gene Wilder.
obviously, since the abomination that was the last Terminator film, this is very good news.
Maybe next Bond will have an actual story.
It’s healthy these cheese providers are going under – bring on the new breed
Are you kidding me, these properties had troubled ownership long before you can blame GFC.
No mention of Andy Vajna & Mario Kassar? They’re the ones who bankrupted Carolco, Orion, Cinergi and C2 pictures. Federally indicted how many times?
Why did James Cameron not do T3…??? He REFUSED to work for those two idiots. I’m sure they’re behind the Halcyon curtain somewhere.
I bet they regret naming their company Halcyon now.
This was always going to happen. Two Wall St types playing fast and loose with someone elses cash to try and compete with the ‘big boys’.
“…we believe the value of the Terminator franchise alone is substantially greater than the $30 million Halcyon paid for it in 2007…”
The Terminator IP is worth $30m? What planet are they living on?
Summer event movie reboot – Underperformed. No one wants a sequel
Network TV show – Cancelled after two seasons.
Video game – Horrendously low sales.
They’ll be very lucky to get $10m for the rights.
This property will either be snapped up on the cheap by someone like Sony or Legendary Pictures or by some new deep pocketed player soon to go exactly the same way as Halcyon.
The only way to get people interested in the Terminator franchise again is with a really good (or ‘AAA’) video game. Get the target audience buzzing about it again.
A ‘reboot of a reboot’ will not suffice.
Once Arnold finishes with Sacramento he’ll be worth $30m+ to come back as Terminator.
Wait these chuckleheads own the first look rights to Philip K Dick’s stuff? That’s a big deal. Terminator is pretty played out except in the library sense…it’s not like the world is crying out for new Terminator movies.
Sad about the PKD part of this story, Terminator not so much.
Solution to both Terminator and Bond problems:
Create animated series for kids with both properties. Syndication all over the world forever like the Batman and Superman animated series. Make Generation Z give a fuck about both franchises and their future won’t be dependent on making quality pictures. Then we can consider T2 a fluke of pure genius.
I’m Gen Y and can tell you the only reason we really gave a damn about X-Men or Batman was school day afternoons watching their respective cartoon series. And we’re still pissed Gambit never showed up until Wolverine.