In November, Halycon announced it was auctioning off the Terminator rights, and in response Joss Whedon offered up $10,000. Now that the auction will end in February, we're wondering, doesn't anyone want to make a Terminator film besides Joss?
In a press release to Variety Halycon announced the auction would be closing:
"Over the past few weeks, Halcyon and its professionals have engaged in in-depth discussions and negotiations with numerous serious potential buyers, including several major movie studios," Halcyon said. "In addition, a number of attractive refinancing alternatives have also been presented. In order to maximize the value of a transaction for all of the company's creditors and stakeholders, we are fully analyzing all these options."
Haylcon, which has filed for bankruptcy, explained in November that they would find their "stalking horse" bid, or one bid which they pick as representing a minimum bid price for the assets. But apparently, they have done away with this part of the process. Many people believe that this is a bad sign for the future of Skynet.
Over at Nikki Finke's blog the comments are pretty telling:
From: Fan of the First Three Terminators, Not This One:
Look at it logically. These dopes paid 25 million for the franchise (well, they defaulted on the payments, and got sued by the hedge fund that loaned them the money but why get technical?) They got sued by their producing partner for 160 million bucks for fraud before the film even opened because they were already welching on money they owed people. They filed for bankruptcy before the DVD even came out. This Terminator grossed 60 million less than the last one, despite the rise in ticket prices. And since DVD sales are in the toilet everywhere, and that's where a high-budget tentpole actually goes into profit, whoops, no profit. Oh, and the TV show from the franchise tanked too. Also the video game and the Six Flags ride, because Six Flags went bankrupt.
Maybe the Pizza Hut Terminator Salvation Pizza was good, that I don't know, but if it was like the movie it cost too much to make, came in a flashy package, but was ultimately flat and tasteless. Therefore this franchise is worth:
From Warner Borg:
I'll tell you what the problem is here. They are expecting someone to offer a big money for the rights and no one has. And frankly, no one will.
Why? Because the Terminator brand is played out at this point. It needs to go away for a few years and then reappear with some hot new talent behind the camera. No one is going to pay a premium for a franchise they can't get started ASAP. If someone like Fox or WB does snap up the rights to the franchise then expect them to get it for a bargain and sit on the rights for a few years.
The numbers that were being floated around by Halcyon ($75m+ !!!!!!!) for the rights were absolutely laughable.
It's sad, but we tend to agree. James Cameron should just buy this up on the cheap, and decide who should be in charge of resurrecting this series. But if this goes the way people are predicting, it could be many, many years until we see another Terminator film — and don't hold your breath for a worthy installment.