Pacificor Drums Up Interest, Lawyers For ‘Terminator’

Feb 18 2010 | 11:07am ET

Hedge fund Pacificor is seeing so much interest in the rights to “The Terminator” action movie franchise, it’s hired a law firm to handle the inquiries.

California Gov. Arnold Schwarzenegger as "The Terminator"California Gov. Arnold Schwarzenegger as "The Terminator"The Santa Barbara, Calif.-based hedge fund, which last week won the “Terminator” rights at a bankruptcy auction, is directing interest parties to Latham & Watkins. Pacificor said it has been contacted by “numerous” movie studios, producers, agents and others.

While the firm is “proud to own one of the most enduring and valuable franchises in motion picture history,” it realizes that it is no movie studio.

“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,” it said.

Pacificor won the “Terminator” rights with a $29.5 million credit bid. The former owners of the franchise had bought the rights with a $30 million loan from the hedge fund, and the hedge fund claimed the former owners owed it some $38 million.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...