The Los Angeles Times reports that the rights to the Terminator franchise are again up for sale.

Derek Anderson and Victor Kubicek, who nabbed the science-fiction franchise in 2007 for $25 million and produced this year's Terminator Salvation, are apparently looking to sell the rights "partially or outright as several companies owned by the duo work their way through bankruptcy."

Anderson and Kubicek own Halcyon Holding Group. They recently hired the financial advisory firm FTI Capital Advisors, if the bankruptcy court approves, to "evaluate strategic alternatives," they said in a statement. Any deal for the rights would have to have an investment in, or outright sale, of said rights.

The Terminator came out in 1984 but the rights to the franchise have been sold more than any other major Hollywood film series. When the film was released, Hemdale Film Corp. (the film's production company), owned a 50% interest in the property. Director James Cameron sold the other half of the rights to producing partner and future wife Gale Anne Hurd for $1.

Carolco Pictures, which was owned by producers Mario Kassar and Andrew Vajna, then picked up Hemdale's stake in 1990 for $10 million. They subsequently released Terminator 2: Judgement Day the next year. In 1997, after Carolco filed for bankruptcy, they started a new venture, C2 Pictures. C2 then bought the rights "for $8 million and the remaining 50% from Hurd for $8 million."

Then in 2007, Kassar and Vajna sold off their rights to newbie producers Anderson and Kubicek. Since then there have been filings, more filings and more time spent in courts.

So the big question now is will we see Terminator 5? Terminator Salvation director McG and star Christian Bale had been high on creating more stories for the franchise, but with the rights changing hands yet again this could make things tougher for that to happen. Also, it seems that the movie was something of a box office disappointment for it's studio Warner Bros.

Evan Jacobs at Movieweb
Evan Jacobs