NHawk19
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Can they actually sell something that is not technically theirs ? They are essentially renting the rights as if they don't make a movie in a certain amount of time it reverts
Yup. They bought the option to make those films. They can sell that option if they so choose. There may be limiting language in the contract but I'm pretty sure sale of the entire studio is covered and the buyer of said studio would now hold the option rights.