Terminator: Salvation - The NEW new thread

[hippie_hunter]

Wow....Halcyon and Pacificor really come off as *****ebags in this.

 

[Kane52630]

So what does this all mean for our Terminator franchise??

up in the air as of now, all we can do is wait and pray that they wont screw this one up

 

[Heretic]

How exactly does Pacificor come off looking bad?

They were owed an incredible amount of money that they would never be getting. To hopefully avoid the financial impact of that lost income in a bad economy, they took the franchise ownership as payment in hopes that someday they could make some of their lost money back.

You dont really think that the proper course of action for them would be to simply forget about all of the money they were owed do you?

In fact, they even took the extra step of paying off other debts that the Weinsteins never would have been able to pay...meaning that they saved that company.

So, their employees can get paid, the studio stays in business, and new studios will get the franchise when all is said and done. Not sure what's so bad about that arrangement.

 

[spider-neil]

after reading that lionsgate want to scale back the effects and concentrate on characters I hope they get it. the way sony micro managed SM3 (and by the sounds of it were going to do with SM4) has left a really bad taste in the mouth.

 

[daywalker2007]

pacificors teaser poster is already out.

can't wait for this classic

 

[SuperAl]

i dont see a movie sequel happening for a while now that an investment firm gots the rights to it

 

[daywalker2007]

well we will get our 5th movie, and it will be a great redemption.

 

[Juggernaut33]

Man...
I just don't understand why we need another Terminator for.

 

[Ipodman]

I dont see wats the harm of making new movies for watever franchise... better than nothing at all...

 

[nocomics]

Moon
Pandorum

 

[spider-neil]

Man...
I just don't understand why we need another Terminator for.

I definately want to see a terminator movie where skynet brings humanity to the brink only for john conner to bring humanity back.
mcg dropped the ball BADLY, a better director would save this franchise.

 

[Kent]

Man...
I just don't understand why we need another Terminator for.

We don't need any movies.

 

[AVEITWITHJAMON]

I would definately rather have Sony get it than Lionsgate, I dont want to see and dont think we need a re-boot at all.

 

[dark_b]

I definately want to see a terminator movie where skynet brings humanity to the brink only for john conner to bring humanity back.
mcg dropped the ball BADLY, a better director would save this franchise.

how could a better director make the story better?

 

[Ipodman]

Well, the director IS responsible for all the stylized shots which ruined certain scenes for me

 

[AVEITWITHJAMON]

^I personally think the director made some poor choices when developing the story, but the story was poor in the first place.

 

[Lord Blackbolt]

I'd rather a sequel over a remake anyday. Unless they do something like the last star trek and alter the past or something....

Maybe they should get the writers of Lost to do the next movie.

 

[Kane52630]

pacificors teaser poster is already out.

can't wait for this classic

 

[FCEEVIPER]

Columbia, Lions Gate file objection to Terminator sale
Stuidos say auction unfair / Court to begin hearing on sale Wednesday
By Emily Chasan

NEW YORK, Feb 10 (Reuters) - Columbia Pictures and Lions Gate Entertainment Corp (LGF.N) are objecting to bankrupt Halcyon Holdings Inc's plans to sell the "Terminator" movie franchise to a California-based hedge fund.

The movie studios said in court documents on Wednesday that the hedge fund, Pacificor LLC, and Halcyon had changed the bidding rules just prior to the auction earlier this week and that it was not run fairly.

Halcyon Holding, which holds the rights to the "Terminator" franchise, filed for bankruptcy in August, and held a competitive auction to sell the rights to the film franchise on Monday.

Halcyon "conducted what should have been, but what unequivocally was not, an honest, open and fair auction for the sequel and remake (and related) rights," Columbia and Lions Gate said in court papers.

Pacificor, which originally financed Halcyon's purchase of the Terminator rights, made a winning "credit bid" of $29.5 million for the franchise, according to a person familiar with the matter on Tuesday. [ID:nN0999673]

In a bankruptcy auction, lenders are allowed to "credit bid," forgiving much of the debt they are owed in exchange for taking control of franchise. The movie studios said they were contesting last minute changes that allowed Pacificor to credit bid up to $38 million.

If the deal were approved Pacificor would have the rights to the revenue from future films, games, DVDs and television from the franchise.

Pacificor had beat out a joint bid from Lions Gate and Columbia, which is owned by Sony Corp (6758.T).

An attorney for Halcyon was not immediately available.

The Bankruptcy Court in Los Angeles is set to hold a hearing on Wednesday on Halcyon's request to approve the sale.

The case is In re: T Asset Acquisition Company LLC, U.S. Bankruptcy Court, Central District of California, No. 09-31853. (Reporting by Emily Chasan, Editing by Gerald E. McCormick)

 

[Nightmare]

Hmmmmm, wonder what happens now?

 

[WarBlade]

Judgement Day.

 

[Kane52630]

*cues Terminator music*

 

[Roy Batty]

Bankruptcy Judge Upholds 'Terminator' Sale; Sony & Lionsgate Get Exclusive Negotiation
http://www.deadline.com/hollywood/b...y-lionsgate-get-exclusive-negotiating-window/

 

[FCEEVIPER]

Judgement Day.

Nice. t:

 

[FCEEVIPER]

'Terminator' rights go to hedge fund despite objections by Sony, Lions Gate
February 10, 2010 | 1:54 pm

Despite heated objections by Sony Pictures and Lions Gate, a federal bankruptcy judge in Los Angeles on Wednesday approved the sale of the rights to make future "Terminator" movies to Santa Barbara-based hedge fund Pacificor.

Pacificor purchased the rights in an auction Monday night from Halcyon Group, the bankrupt production company behind last year's "Terminator Salvation," for $29.5 million plus $5 million for each sequel produced. The hedge fund agreed to bid as part of a deal to forgive a disputed debt of approximately $38.1 million it claimed to be owed by Halcyon.

Attorneys for Sony and Lions Gate, which decided to bid for the rights jointly on Monday after previously competing, claimed in court Wednesday that the auction was "rigged" because of the agreement struck last Friday between Pacificor and Halcyon.

"Our bid was the highest and best bid," said Pamela Webster, Sony's attorney. "The only reason that bid wasn't accepted is because the auction had been rigged by the settlement agreement."

Attorneys for Halcyon, Pacificor and a committee of other creditors who endorsed the deal claimed that the bidding procedure was clear and that Sony and Lions Gate simply weren't willing to make a high enough offer under the procedure used to value them.

According to a description of the auction filed in court by attorneys for Halcyon, Sony and Lions Gate made a joint bid Monday of $36.5 million. However, that offer contained no additional compensation for each sequel produced, which Halcyon considered crucial, as that money would be used to pay other creditors besides Pacificor. Sony and Lions Gate then bid $28.5 million plus $5 million for each sequel. When their offer was beat by Halcyon, the document said, the studio representatives "promptly left the auction room."

"I am sympathetic to calls that this has been an unfair process ... but I don't agree with it," Judge Ernest W. Robles said in his ruling. "What ultimately matters is a dollars and cents determination of what makes sense from the perspective of all the parties that have a significant amount of money at stake. That has happened here."

Executives at Sony and Lions Gate engaged in talks Tuesday with Pacificor to settle their dispute by partnering to make future "Terminator" movies, but those discussions were apparently unsuccessful.

Sony Pictures' worldwide affairs president, Peter Schlessel, and Lions Gate's motion picture group president, Joe Drake, who attended the hearing on behalf of their companies, both declined to comment.

Still left to be resolved after Wednesday's hearing is which company will produce potential fifth, sixth and even seventh "Terminator" movies. As Robles noted, with no experience in the movie-making business, Pacificor will undoubtedly have to partner with producers and a studio to make and distribute future films. The hedge fund could also potentially resell the "Terminator" rights. Attorneys for Pacificor weren't available to comment immediately after the hearing.

Also at Wednesday's hearing, it was revealed that debt-ridden Metro-Goldwyn-Mayer, which previously had a first-look right to distribute "Terminator" movies, agreed to forgo those rights in the future in exchange for a $150,000 payment.

In addition, an attorney representing "Terminator Salvation" director McG argued that Pacificor and any producers it partners with should be forced to honor McG's right-of-first-refusal to direct future sequels, which was part of his deal with Halcyon. The judge disagreed and said that if McG isn't offered the opportunity to direct the next "Terminator" movie, his attorney can only file a claim against Halcyon in bankruptcy court.

-- Ben Fritz