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February 5, 2010 - Terminator 5 / Sony Pictures now bidding for Terminator rights

Scooped on Friday, February 5, 2010

Yesterday was the final day for bids to be tendered for the Terminator rights. At the 11th hour Sony Pictures submitted their bid for the franchise.

Now we know of two studios bidding for the rights: Sony and Lionsgate. We also know that Lionsgate submitted a bid of $15 million dollars plus an additional 5% cut of future profits earned from new Terminator movies, TV shows, video games or any other creations.

The bids are unsealed and the auction takes place this coming Monday. A bankruptcy court hearing for Halcyon Group, the financially troubled soon-to-be former owner of the rights, is scheduled to take place on Wednesday, February 10.

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