Auction of rights should be complete by February
The future of the “Terminator” should come into focus soon.
Halcyon Holding Group announced Thursday that it expects to conclude the auction for the franchise rights by Feb. 1 as part of its bankruptcy process. Company also issued an upbeat update on the auction.
“Over the past few weeks, Halcyon and its professionals have engaged in in-depth discussions and negotiations with numerous serious potential buyers, including several major movie studios,” Halcyon said. “In addition, a number of attractive refinancing alternatives have also been presented. In order to maximize the value of a transaction for all of the company’s creditors and stakeholders, we are fully analyzing all these options.”
Halcyon had said a month ago that it would determine by Nov. 20 which offer would serve as a “stalking horse” and set the minimum bid price for the “Terminator” assets, which include rights to future “Terminator” pics, TV series, DVDs and merchandise. But the company said Thursday that it will eschew that part of the process.