Tuesday, 31 March 2015
Last updated 8 min ago
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.
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…