Movies
Sony Enters Bidding War for ‘Terminator’ Franchise
Can anyone revive the Terminator franchise? Step one would be to remove McG from the equation, while also turning it back into a “chase film” as originally intended. But beyond that, it would take a madman like James Cameron to find a truly futuristic and invigorating way to revive the franchise. While Warner Bros. is no longer involved, buzz hit the web that Lionsgate might score the rights — which to me would mean a $12-20m Terminator film (no thanks). Thankfully, Sony has joined the bidding war (which I would find hilarious as Legion was a failed rip-off). Read on for the skinny.
From Variety:
“Sony’s joined Lionsgate in the bidding on the rights to the “Terminator” franchise.
The studio had no comment but a source close to the bidding confirmed that Sony submitted a bid Thursday, the final day for submitting offers.
Lionsgate stepped up last month as the first bidder for the rights to the “Terminator” franchise with a “stalking horse” or floor bid of $15 million and a 5% cut of future gross receipts.
Halcyon Group put the franchise up for sale in September-. The auction for the “Terminator” assets — which include the rights to future “Terminator” pics, TV series, DVDs and merchandise — will be held Monday at the offices of FTI Consulting in Los Angeles, followed by a bankruptcy court hearing two days later.
If Lionsgate doesn’t win the auction, it will receive $750,000 as a breakup fee from the winning bidder.
“Terminator Salvation,” the fourth film in the franchise, was produced by Halcyon with Warner Bros. handling domestic distribution and Sony taking international. It carried a production pricetag of about $200 million and took in $371 million worldwide.
Halcyon paid Mario Kassar $30 million for the “Terminator” rights in 2007, then filed for Chapter 11 as a result of a dispute with hedge fund Pacificor, which financed the purchase. At that point, Halcyon toppers Derek Anderson and Victor Kubicek told the bankruptcy court that they valued the “Terminator” franchise above $70 million. ”
Universal has been having a hell of a time getting their Universal Monsters brand back on a better path in the wake of the Dark Universe collapsing, with four movies thus far released in the years since The Mummy attempted to get that interconnected universe off the ground.
First was Leigh Whannell’s The Invisible Man, to date the only post-Mummy hit for the Universal Monsters, followed by The Last Voyage of the Demeter, Renfield, and now Abigail. The latter three films have attempted to bring Dracula back to the screen in fresh ways, but both Demeter and Renfield severely underperformed at the box office. And while Abigail is a far better vampire movie than those two, it’s unfortunately also struggling to turn a profit.
Where does the Universal Monsters brand go from here? The good news is that Universal and Blumhouse have once again enlisted the help of Leigh Whannell for their upcoming Wolf Man reboot, which is howling its way into theaters in January 2025. This is good news, of course, because Whannell’s Invisible Man was the best – and certainly most profitable – of the post-Dark Universe movies that Universal has been able to conjure up. The film ended its worldwide run with $144 million back in 2020, a massive win considering the $7 million budget.
Given the film was such a success, you may wondering why The Invisible Man 2 hasn’t come along in these past four years. But the wait for that sequel may be coming to an end.
Speaking with the Happy Sad Confused podcast this week, The Invisible Man star Elisabeth Moss notes that she feels “very good” about the sequel’s development at this point in time.
“Blumhouse and my production company [Love & Squalor Pictures]… we are closer than we have ever been to cracking it,” Moss updates this week. “And I feel very good about it.”
She adds, “We are very much intent on continuing that story.”
At the end of the 2020 movie, Elisabeth Moss’s heroine Cecilia Kass uses her stalker’s high-tech invisibility suit to kill him, now in possession of the technology that ruined her life.
Stay tuned for more on The Invisible Man 2 as we learn it.
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