Sony Pictures and Lionsgate are in a bidding war for the rights to the Terminator franchise reports Variety.
The Halcyon Company is putting the rights to future "Terminator" films, TV series and merchandise on auction on Monday in Los Angeles, two days before a bankruptcy court hearing.
Last month Lionsgate was the first bidder--fighting off MGM with an offer of $15 million and a 5% cut of future gross receipts.
Sony put in a bid on Thursday, the final day for offer submissions.
Either way Lionsgate will walk away with something even if it doesn't win T-rights it will get $750,000 as a break up fee from the winning bidder.