Entertainment & Sports
Feb. 11, 2010
Hedge Fund Wins Rights to Storied 'Terminator' Franchise
In a surprise outcome, a hedge fund won the rights to the "Terminator" franchise in a bankruptcy auction Monday night, beating out a top entertainment studio that was presumed to be the new owner of the sci-fi action juggernaut.
Daily Journal Staff Writer
LOS ANGELES - In a surprise outcome, a hedge fund won the rights to the "Terminator" franchise in a bankruptcy auction Monday night, beating out a top entertainment studio that was presumed to be the new owner of the sci-fi action juggernaut.
The hedge fund, Santa Barbara-based Pacificor, prevailed after a six-hour auction process that ended around 9 p.m. Monday, accordi...
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