You’d think the rights to Terminator could be bought for cheap considering the last film made $380M and the rights holder, Halcyon, still went bankrupt.  But you’d be wrong.  Because you used logic, classic mistake.  Anyway, as of yesterday, Sony and Lionsgate had teamed up to acquire the rights, with a plan for “a complete re-boot, back to basics, with real emotional stories, and effects that will be secondary.”  Instead…

Sony and Lionsgate dropped out at just under $29.5 million when it became clear that Santa Barbara-based hedge fund Pacificor “was willing to pay almost any amount of money for Terminator.” [DHD]

Part of the reason Halcyon went bankrupt was because they owed this hedge fund Pacificor a bunch of money, and as part of the deal, Pacificor is erasing that debt as well as paying off Halcyon’s other creditors.  No one knows what Pacificor plans to do with the franchise, but if I know anything about finance, it’s that hedges are really expensive to maintain.  Why, obtaining one must be nearly as difficult as finding… a shrubbery! Ni!  Ni! God I’m a dork.