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Sony Puts in Bid for the Terminator Franchise |
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Written by tristancol
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Saturday, 06 February 2010 |
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Sony has joined Lionsgate in the bidding on the rights to the "Terminator" franchise, reports Variety . The studio submitted a bid on Thursday, the final day for submitting offers.
Lionsgate stepped up last month as the first bidder for the rights to the "Terminator" franchise with a "stalking horse" or floor bid of $15 million and a 5% cut of future gross receipts.
Halcyon Group put the franchise up for sale in September. The auction for the assets--which include the rights to future "Terminator" movies, TV series, DVDs and merchandise--will be held Monday at the offices of FTI Consulting in Los Angeles, followed by a bankruptcy court hearing two days later.
If Lionsgate doesn't win the auction, it will receive $750,000 as a breakup fee...
Posted originally: 2010-02-05 00:00:00
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