It looks as if another franchise could end up being a victim to the economic recession. The rights to the lucrative Terminator movie series are up for sale yet again. The LA Times reports Derek Anderson and Victor Kubicek, who acquired the science-fiction franchise in 2007 for $25 million and produced Terminator: Salvation, are looking to sell the rights as they work through a Chapter 11 reorganization.
But fans shouldn’t get too worried about never seeing their favorite Terminator model on the silver screen again. There’s a long history of franchise rights changing hands over the years.
At the time of release in 1984, production company Hemdale Films owned a 50% interest and director James Cameron sold the other half to producer Gale Anne Hurd for $1. Carolco Pictures, owned by producers Mario Kassar and Andrew Vajna, bought Hemdale’s stake in 1990 for $10 million, but filed for bankruptcy in 1997.
Kassar and Vajna then created C2 Pictures, which bought their old company’s stake for $8 million and the remaining 50% from Hurd for $7 million. In 2007, Kassar and Vajna sold the rights to current owners, Anderson and Kubicek.
No word yet on how the potential sale will effect Terminator 5 and 6, which Terminator: Salvation director McG is working on, but if box office receipts and ownership history are any indication of what the future might hold, the potential owner is sure to find some way to keep the story going.