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TERMINATOR’S CREDIT RATING TERMINATED

By 08.25.09

     Two dollars.

Terminator Salvation has grossed over $370 million worldwide so far (and still isn’t out on DVD).  Yet this is happening:

Three companies belonging to Derek Anderson and Victor Kubicek, owners of the “Terminator” franchise rights and producers of May’s “Terminator Salvation,” have filed for bankruptcy [...] Those owed the most money include a number of top industry law firms such as Greenberg Traurig ($437,618.61); Glaser, Weil, Fink, Jacobs, Howard, & Shapiro ($120,672.89) and O’Melveny & Myers ($96,565.86). They also owe $25,000 to C2 Pictures, the production company controlled by previous “Terminator” owners Mario Kassar and Andrew Vajna.  In addition, one British individual [Orlando Wood]  is owed $3.5 million. There is no reason given for any of the debts.  The three companies each list estimated assets and liabilities totaling between $10 million and $50 million. [The LA Times]

But don’t worry about Anderson and Kubicek.  They’ll be fine:

According to several people familiar with their “Terminator Salvation” deal, Anderson and Kubicek will earn the greater of $5 million or 5% of the movie’s revenues as producers.

Prior to Terminator Salvation the pair had produced one direct-to-DVD comedy, Cook-Off! starring Diedrich Bader and Louie Anderson. How Derek Anderson and Kubicek managed to score franchise rights to Terminator is a very long story that can be summed up like this: 

*sweeps hands through air* MAGIC.

Another bit of trivia from that long article:

People close to the matter said the director [McG] received $6 million and Bale $8 million and both are guaranteed a percentage of gross ticket sales.  They added that Halcyon also made a $10-million deal with McG to direct another sequel, and that Bale is on board for two more films, for which he’ll make about $15 million and $20 million, respectively.

Yep.  The guy Bill Murray headbutted got $6 million but a “longtime acquaintance” of the producers who gave them $3.5 million of his own money still hasn’t been paid back.  Hooray for Hollywood.

~ robopanda


TAGSCHRISTIAN BALEDEREK ANDERSONMCGTERMINATOR SALVATIONVICTOR KUBICEK

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