Lionsgate gun for Terminator rights

Saw distributors Lionsgate are the bidders to beat in the Terminator rights auction.

With a bid of $15m and 5% of gross receipts from any future movies made, the company seem all set to take on the steely franchise.

Lionsgate have been named the 'stalking horse' bidder by the Halycon Group, which means any counter offer needs to up the ante by $750,000 if they want to get in on the action.

The closing date for bidding is 5th February, with the auction itself landing 5 days later.

Terminator Salvation producers Derek Anderson and Victor Kubicek, who own Halycon Group are selling the rights to this franchise as part of their bankruptcy deal.

Sony Pictures and Warner Bros (distributors for Terminator Salvation ) are also said to be interested.

Better in the hands of the big boys? Or is this bidding war drumming out little businesses?

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