The company that released the film Terminator Salvation has filed for bankruptcy.

Yet another media company has been forced to restructure. Halcyon Holding Group, which owns theTerminator franchise and which filed for Chapter 11 protection last month, has hired FTI Capital Advisors to evaluate strategic alternatives for the company. Halcyon is in a dispute with Pacificor, the Santa Barbara-based hedge fund that financed Halcyon’s purchase of the Terminator franchise. FTI Capital Advisors will work with Halcyon’s management and bankruptcy counsel to help the company negotiate the Chapter 11 process and maximize the value of its assets, which in addition to the Terminator franchise also include first-look rights to the works of science fiction writer Philip K. Dick. “Based on our extensive due diligence, we believe the value of the Terminator franchise alone is substantially greater than the $30 million Halcyon paid for it in 2007,” Kevin W. Shultz, Senior Managing Director of FTI Capital Advisors, said in statement today. “In our view, Halcyon enjoys a wide variety of strategic options and we intend to explore them all.”

So many companies in the business are going belly up, even after huge successes like Terminator Salvation. This is another franchise that will survive regardless of which company owns it.

Source: Deadline Hollywood Daily

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