Hedge Fund Hires Agent To Sell ‘Terminator’ Rights

May 28 2010 | 10:28am ET

The hedge fund that won the rights to “The Terminator” action movie franchise in February is moving forward with plans to unload the asset.

Pacificor has hired William Morris Endeavor Entertainment to represent the rights, the two sides said on Thursday. The Santa Barbara, Calif.-based hedge fund entrusted the rights to WME in March, after talks with Sony Pictures and Lions Gate Entertainment—the losers of the controversial auction—fell apart.

In February, the hedge fund also hired a law firm, Latham & Watkins, to handle inquiries about the “Terminator” rights.

WME is reportedly looking for a studio or producer willing to make the fifth movie in the “Terminator” series.

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

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of