Just days out from it being announced that the Terminator franchise was making a comeback through a 3-D animated feature, the franchise's future is once again very doubtful. Hannover House and Red Bear Entertainment put out the press release announcing the $70 million "Terminator 3000" project on Thursday.
Hannover House's Eric Parkinson told Deadline that the announcement was released earlier than intended "only because one of the potential production partners spoke publicly about it".
The news really upset the franchise rights holder who quickly issued a cease and desist letter to the company. However it seems Parkinson, who once headed the home video division of original "The Terminator" film production company Hemdale Film Corporation, claims to own "certain proprietary rights" that allow him to make the film - specifically the animation rights.
With financial backing in place, and a hefty rights fee (of $20-30 million) that would be owed to Pacificor, the companies have apparently arranged a meeting in the hopes of coming to a deal. Pacificor, LLC still owns "certain intellectual rights" and Parkinson admits that "it would be dangerous for us to do this without Pacificor's approval"
Dangerous Indeed...
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