Try as they might, the directors of the third and fourth “Terminator” films can’t seem to kill the fan-favorite sci-fi/horror franchise.
Variety reports that Pacificor LLC, which acquired the franchise rights at auction last week, is receiving a great deal of interest from “numerous” Hollywood producers, financiers, studios and agents.
Pacificor, a Santa Barbara-based hedge fund with no experience in film production, has appointed Latham & Watkins partners Wayne S. Flick and Russell F. Sauer to deal with inquiries about the rights to the time-travelin’ cyborg.
“While Pacificor is not in the theatrical feature production business, it does have access to considerable industry expertise and will consult with those experts over the next few weeks regarding all serious proposals,” a spokesman for Pacificor said.
The fund received approval on Feb. 10 in bankruptcy court for its offer of $29.5 million, along with a provision for payment to the franchise’s former owners Halcyon of $5 million per film for any sequel.
“Pacificor is proud to own one of the most enduring and valuable global franchises in motion picture history,” Pacificor CEO Andrew B. Mitchell said in a statement Wednesday. “Since James Cameron first introduced us to his vision in 1984, the ‘Terminator’ series has generated approximately $3 billion in box office and ancillary revenues. The franchise is known around the world, in all important territories, and the DVD of ‘Terminator Salvation’ continues in circulation.”
Mitchell also indicated that the popularity of 3D technology may help make future sequels viable.









