I guess they're through professionally.


/At least Christian Bale has something to swear about now.

zz9: I guess they're through professionally.

The Terminator brand has been passed around to settle debts before, it'll just change hands again.

2wolves: If anyone wants to see truly creative capitalism take a look at the way Hollywood keeps its books.

True. Someone will have made millions from Salvation....

But "Take a look at their books"? You'd have a better chance of asking the Mafia to look at their accounts.

Can someone please explain to me how this works?

Unable to find Sarah Connor, Terminator files for bankrupcy


Does this have something to do with AT&T discontinuing the phone book?


PS Dear submitter - have a cup of 't'. (Bankrupcy??)

Weird that they owe Paul Haggis money who I didn't even know rewrote Terminator Salvation and didn't mention Christopher Nolan's brother Jonathan Nolan which was the reason Bale joined up.

In other news, the Human Torch was denied a bank loan.

/Joey, have you ever filed for bankruptcy from a Turkish prison?
//"Peter Graves" listed as one of the creditors.

First Carloco, now this.

Terminated.

Bizarro Ninja: In other news, the Human Torch was denied a bank loan.

The skeleton ran out of shampoo, too, from what I hear.

They own the rights, and therefore sold them so that The Terminators could be made? They deserve losing every penny.

Whew. I saw "Terminator" and "bankruptcy" in the same sentence, and feared for California.

/not bankrupt.
/YET.

Andrew Vajna's name never fails to elicit a giggle from me since Total Recall.

Aboleth: Andrew Vajna's name never fails to elicit a giggle from me since Total Recall.

Funny, when I was reading that article, that's the first thing that popped out - how ridiculous that guys name is. I mean, all his friends - and enemies - must call him, well, you know what.

I also was thinking to myself what horrible business men those two idiots must have been. Now I know why the movies sucked so bad - or so I've heard.

Magorn: I find it interesting that they are doing this BEFORE DVD sales meaning, I think, that they are going to try to screw their creditors out of that money by going through bankruptcy before releasing the movie on DVD

...which, if it works, is going to make things really interesting if they do try to go for a sequel to Salvation.

Arnold couldn't close the budget deficit?

Something tells me someone has a Cayman Islands account and is taking all three of their LLCs and telling the creditors to bite it while they spend the rest of their lives in the Caribbean.

Lumpmoose: PPL_Wannabe: Can someone please explain to me how this works?

It's all bullshiat. There's no way $370 million pre-DVD doesn't make a profit. It's just a new spin on an old game.


I was going to say it amazes me Hollywood gets away with that kind of accounting but then I remember rich people, specifically the money makers in the world know every which way to turn the tables on people so only they can make true money. It's a legal mafia style business that has been going for way to long. I was amazed in that wiki article about how bad Peter Jackson is getting run over by New Line. Never new LOTR made over 6 Billion and they tried to cut him out of the ring when it came to payment. Burn it all the ground I say, start at the Hollywood sign and move down the hill.

Why can't they just go back in time and refuse the loans?

Farkomatic: Why can't they just go back in time and refuse the loans?


Because the loans was always going to happen, going back in time merely delayed the inevitable.

pellia: They own the rights, and therefore sold them so that The Terminators could be made? They deserve losing every penny.

The Terminators was made without securing any rights. The film studio that made it, The Asylum, has made knockoffs of just about every big budget film for several years now--such as a couple Transmorphers movies released just before the Transformers movies came out--as well as such high quality original productions as Mega Shark vs. Giant Octopus...

Um, should I feel sorry for these guys?

nope

Magorn: PPL_Wannabe: Can someone please explain to me how this works?

K' here's my semi-pro take on all this

1st they filed for an 11 not a 7 so this is a "We want to continue in business but we need to restructure our debts" kind of Bankruptcy not "Everything must go we've lost our lease!" kind

swo what this means is, if they can convince a judge that their company is viable long term he can consider a restructuing plan for their debts -usually a lot of people are going to get a lot less than they are owed and they will get over a longer time than they were promised.

I find it interesting that they are doing this BEFORE DVD sales meaning, I think, that they are going to try to screw their creditors out of that money by going through bankruptcy before releasing the movie on DVD

Sorry, but not quite right at all. Halcyon was a new production company whose only real asset was the Terminator franchise, which they were able to acquire by borrowing $30 million from a private fund. They have no real assets other than the perceived value of the franchise (which took a big hit when Terminator wasn't the blockbuster everyone expected and the TV series was canceled).

In essence, they leveraged a brand to start a production company, and the brand wasn't enough to sustain them. They also ended up giving away pieces of the pie to Warner Bros., Sony Distribution (overseas) and Wonderland Sound and Video (McG's company) as well as 20th Century Fox (on the series).

Halcyon has no ability to stop or slow down the release of the DVD. Warner Bros. will make that decision for domestic, Sony for international. Also, production companies usually won't see any of their residuals for the DVD sales for about six months, and since Halcyon was a new company, my sense is that their deal for residuals (probably worth about 5 million in total) wouldn't begin to cover their liabilities, even if the DVD does a couple of hundred million more in sales (which is questionable).

They're screwed, and everybody knows it. The vultures will swoop in and pluck away all the rest of their properties that they've either bought or licensed (or the rights will revert back to the licensors), and then Halcyon will become a memory.

Otto_E_Rodika: , and then Halcyon will become a memory.

...and the irony...

Mattevil: Weird that they owe Paul Haggis money who I didn't even know rewrote Terminator Salvation and didn't mention Christopher Nolan's brother Jonathan Nolan which was the reason Bale joined up.

EVERY big-budgeted (and even quite a few medium-budgeted [the few that get made these days) screenplay that the Hollywood studios produce these days has the fingerprints of at minimum 2 writers who "massage" it without being credited for it (although they're VERY well compensated for it). Hell "The Flintstones" movie (the one with John Goodman as Fred) had upwards of 40 or 50 "sets of fingerprints" on it (depending on who you ask and how honest they feel like being on that day).

John Sayles makes a very good living doing this (which he uses [in large part] to fund his indie films).

WilliamLeeTwitch: Um, should I feel sorry for these guys?

nope

Nope. But I feel bad for GRIN, since they croaked last week partly due to these guys not paying up. They're on the creditors list, although they too are bankrupt now.

I bet Bale now wishes he had stuck with his original decision not to do this movie.

/I know I do.

browneye: I bet Bale now wishes he had stuck with his original decision not to do this movie.

/I know I do.

It won't kill him. He still has Dark Knight and another Nolan Batman movie to fall back on. He'll just pick himself up, dust himself off, get a pep talk from Michael Caine about how to step away from a Jaws 4, and go on with his life.

Wont change the fact that a new one will be made, since someone will look at the over $500 million the film will end up making after DVDs and say "One little tweak and the film would have made a billion"

The movie was better than transformers at least, but then the public's taste sucks.

Fano: Max Bialystock approves.


But what of Jenna Von Oy?

HulkHogan: Bizarro Ninja: In other news, the Human Torch was denied a bank loan.

The skeleton ran out of shampoo, too, from what I hear.

The arsonist had oddly shaped feet.

/HOW NOW BROWN COW!