Tuesday, September 29, 2009 at 1:38AM
This has been coming for a while, but it's now official: Terminator is on the market, so if you had your eye on buying some movie rights and the MGM catalog is too rich for your blood, you might want to to consider making the next (and probably last) two movies in this legendary sci-fi series.
The reasons why this property is available stem from producers Derek Anderson and Victor Kubicek filing for bankruptcy less than two years after purchasing these rights and less than four months after Terminator Salvation was released. The producers claim that Terminator is worth about $60 million, but this one is probably priced to move because of the bankruptcy.
Unlike nearly every other profitable movie franchise, each film in the Terminator series has had a completely different ownership stake and structure. I won't bore you with the rest of the financial details, but you can find out more at The Los Angeles Times if you're really interested.
What might be of more importance to you is where the John Connor story might wind up next. The Times says Sony might have the inside track, because it recently handled the international distribution for Salvation. Another reason might be Sony's limited number of tentpoles. Looking at the last three years, the biggest hits were Spidey 3, Hancock, Bond (which is a co-production with MGM), the two Dan Brown movies, and Paul Blart. Four of those are really, really big movies. So that's about one really, really big movie every eight months.
Of course, there's no guarantee audiences will respond to Terminator 5 any more than they did T4, which might lower the price of the rights, if not the intrinsic value of the property.