LA Times – According to a spokesperson for the Halcyon Co., the following are not amongst its creditors: Christian Bale, Franchise Tax Board, GRIN, Paul Haggis, Internal Revenue Service, Latham & Watkins, Dan Lin, McG, Mario Kassar Productions, Metro-Goldwyn-Mayer Studios, Motion Picture Assn. of America, Bahman Naraghi, Randy Paul, Arnold Schwarzenegger, Sony Pictures Entertainment, Sitrick and Co., Universal Studios, Warner Bros. Pictures, and Ziffren, Brittenham, Branca and Fischer.
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 just a day after the duo sued their investors for allegedly pushing them into a series of bad business decisions and placing what they claim is an illegal lien on their property.
Even though the movie has sold a healthy $370 million worth of tickets around the world and has yet to be released on DVD and in other post-theatrical markets, Anderson and Kubicek were unable to make a payment demanded by Santa Barbara hedge fund Pacificor, which financed their $30-million purchase of the “Terminator” rights and loaned $9 million for other operating expenses.
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