Lionsgate has stepped up as the leading bidder for the rights to the "Terminator" franchise with an offer of $15 million and a 5% cut of future gross receipts.
Bid was disclosed Wednesday in a federal bankruptcy court filing by Halcyon Group, which put the franchise up for sale in September. With Lionsgate as the "stalking horse" bidder, any other company that wants to bid would have to top its offer by at least $500,000. Other bidders would have until Feb. 4 to submit their offers.
