Sony Submits A Bid For TERMINATOR Rights

Last month, the owner of TERMINATOR rights Derek Anderson and Victor Kubicek named Lionsgate the “stalking horse” bidder for the rights after the independent studio offered $15 million in cash plus 5% of gross receipts from any future movies making itself the top bidder. This means any other company that also wants to bid against Lionsgate will now have to offer at least $750,000 more. The deadline is set for February 5th. Variety reported, Sony Pictures has submitted a last minute bid…

The studio that handled the international distribution for the previous installment, Terminator Salvation, submitted the bid yesterday which was the final day any potential buyer was allowed to try and play the game of ‘who’s crazy enough to own TERMINATOR rights?!’

The auction will be held Monday at the offices of FTI Consulting in Los Angeles, the new owner will basically get to own the rights to future Terminator movies, TV series, DVDs and merchandise. The bankruptcy court hearing will be held on February 10th.
Here’s the thing, If Lionsgate doesn’t win the auction, apparently because of the terms that come with being a stalking horse, it will receive $750,000 as a breakup fee from the winning bidder.