The Terminator franchise will be auctioned off to the highest bidder this month. Interested parties take note: All you need is upwards $60 million!
The film series has been on a steady decline since its 2003 installment, Rise of the Machines, while its latest summer release, Terminator Salvation, became a last gasp for the 25-year-old franchise, grossing $350 million worldwide, FT reports.
Of the big film studios tied up in the bidding race, Sony Pictures seems to be the largest potential buyer, followed by Summit Entertainment (Twilight) and Media Rights Capital (Bruno). The franchise is being sold by the production company Halycon, which released Terminator Salvation. The winner will obtain the rights to produce new Terminator films, TV shows and any/all spin-offs.
The auction continues this year’s trend of intellectual property switch-ups, after Disney’s $4 billion purchase of Marvel, and Nickelodeon’s $60 million bid for the Teenage Mutant Ninja Turtles franchise.