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2ND UPDATE: Now I hear Lionsgate’s bid was $15 million, plus a gross corridor, for the rights to The Terminator franchise. That’s pocket change! (See my previous today: Halcyon Chooses Lionsgate As Stalking Horse Bidder In Bankruptcy Sale Of Rights To ‘The Terminator’ Franchise) Or is it?
According to an insider familiar with the deal, if you go by Terminator: Salvation‘s $380 million worldwide gross, the 5% first-dollar gross Halcyon gets from future Terminator movies is worth conservatively $15M-$20M million a pop. Or at least $30M-$40M if not more, assuming Lionsgate completes the new trilogy that started with T4. (“And why would they plunk down $15M in cash unless they intended to do just that?”) Halcyon gets to keep the revenue stream from T4, which with DVD and TV revenues just beginning to come in could be worth tens of millions more. “So it’s not a bad deal at all. And it’s entirely possible someone else may come in and top the Lionsgate bid,” the source tells me. “Bottom line: I wouldn’t lose any sleep worrying about the Halcyon guys’ finances. They’re going to do just fine out of this.”
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they overpaid, the franchise is damaged beyond repair (never had much future to begin with)
Anyone who thinks a franchise that has generated more than a billion via all revenue streams and as a loyal international fan base is damaged beyond repair has a short-term understanding of the business. Terminator can be revitalized in many different ways and via many different platforms. Let its future begin.
It’s true you could pour more billions into this sinkhole, but here’s a clue: the premise is already used up and returns are diminishing with each new movie. Oh I smell another tired reboot.
I have an idea. Instead of spending billions giving mouth to mouth to a geriatric corpse, why not create a whole new story–note I didn’t use the words “reboot” or “franchise” or “tentpole”, which represent the true short-term thinking in Hollywood and involve tailoring everything to a hacked up four quadrant screenplay starring an ethnically diverse cast of underwear models who cannot act and have no presence on camera.
You don’t even need to be that creative, just grab a book series and put it to film, like Harry Potter and Twilight. Insisting on more robot movies without any of the principals that made the movies work is profoundly clueless.
Considering the hex that’s lies over the franchise like a blanket of bankruptcy, I thought Joss Whedon’s offer was generous.
its lions gate, anyone who’s done or does business with them does so because the studios have all passed…
That’s the biggest bargain I ever heard.
Terminator is a monster franchise far from over. It’s part of film culture. If you re-start the series with a new Terminator ONE with a new Terminator (liquid metal?) and a new Sarah Conner fans would line up.
That’s because the money will be anyway useless after the destruction of Hollywood by the machines.
James Cameron needs to step up and re-claim his baby and keep it from morons. After TITANIC and AVATAR, $15 mil should be pocket change — he’ll make it back by the time AVATAR hits DVD.
Keep dreamin’. Cameron lost his interest in the Terminator universe years ago.
To be honest, Cameron lost (literally, not as interest) the Terminator franchise after the divorce.
You know the idea, the bitch who sleeps with your best friend and leaves the house with half of the goods …
With the current technology I bet a Cameron reboot would be mindblowing. I couldn’t even imagine the world he’d come up with.
Pipe-dream at best, but a good dream.
I’m surprised that StudioCanal isn’t bidding; when they inherited TERMINATOR 2 from Carolco, it became a really dependable revenue source from multiple DVD releases and midnight shows. You’d think they’d want to have a piece of more new money.
Forget about the movies…I want TSCC back.
I want John and Cameron back (love the Jameron) not to mention Derek, JH and Weaver. Now that was a show. Whoever buys it needs to remake TSCC!!!!