Schwarzenegger, Justin Lin attached to pics
Pacificor, a Santa Barbara-based investment fund with no feature film experience, won an auction for the Halcyon Group’s “Terminator” rights to Pacificor over objections from Sony and Lionsgate. Pacificor agreed to pay $29.5 million, along with a provision for payment to Halycon of $5 million per film for any sequel. Halcyon paid Mario Kassar $30 million for the “Terminator” rights in 2007, but then Halcyon filed for Chapter 11 in 2009 as a result of a dispute with Pacificor.Terminator Salvation,” the fourth film in the franchise, was produced by Halcyon toppers Victor Kubicek and Derek Anderson with Warner Bros. handling domestic distribution and Sony taking international. It carried a production price tag of about $200 million and took in $371 million worldwide.