Monday, 30 March 2015
Last updated 2 days ago
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.
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…