Schwarzenegger To Own Terminator Franchise?Schwarzenegger, now California governor, has been approached by a consortium to jointly buy the franchise rights, which would guarantee future Terminator films.
It emerged he has not been paid fully for his cameo in the latest Terminator blockbuster.
Neither has British actor Christian Bale, star of Terminator Salvation.
The film’s producers named both actors as creditors when they filed for bankruptcy after their hedge fund backers demanded a return on their investment before the film had finished making money.
They say they have been left with debts of more than $40million, despite taking $370million so far.
The exact sums owed to the stars were not disclosed. Other creditors include MGM, Sony and Universal Studios. The petition was filed by Derek Anderson and Victor Kubicek, who own the Terminator franchise.
They failed to meet several repayment deadlines set by the principal financier, reportedly a hedge fund based in Santa Barbara, California.
Hollywood analysts see the case as a sign that investors are now jittery about the film business.
One, Mike Raia, said last night: “This is a tough lesson for Hollywood, but it can no longer spend other people’s money like water.
“Investors want fast returns and may consider movies a bad risk.
“Promises of future profits [from DVD sales] just don’t cut it any more in the motion picture industry.”
A source who worked on the film said: “This proves Hollywood isn’t bullet-proof in a down economy.”
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