Lions Gate is lead bidder for ‘Terminator’ franchise (Los Angeles Times)

Owner Halcyon Group asked a bankruptcy judge to name the studio the ’stalking horse’ bidder, which means any other bid must be higher than Lion’s Gate’s $15 million plus 5% of future gross receipts. Lions Gate Entertainment has taken a lead in the bidding for “Terminator,” but competition for rights to the 26-year-old science fiction franchise is likely to heat up in the next month.
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