Lionsgate is the likely winner of rights to the Terminator franchise from Halcyon Entertainment with a bid of $15 million in cash plus 5% of gross receipts from any future movies reports Variety
Halcyon Group named Lionsgate the 'stalking horse' bidder in a federal bankruptcy court filing today--Meaning that any rival bidder will have to put in a bid worth at least $750,000 more by February 5th, otherwise the rights will likely go to Lionsgate pending a bankruptcy court hearing on February 10th.
Rivals Sony Pictures and Warner Bros were interested in acquiring the rights as well and certainly have the funds to cover the additional cost.
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