More Hollywood bookkeeping.
The producers of "Terminator Salvation" have filed for bankruptcy and their list of creditors is a veritable "who's who" of Hollywood.
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, three companies belonging to Derek Anderson and Victor Kubicek, owners of the "Terminator" franchise rights and the producers of May's "Terminator Salvation," filed for Chapter 11 bankruptcy on Tuesday.
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 apparently couldn't stay afloat. As detailed in yesterday's lawsuits, they don't have the assets to pay back one of several loans made by Santa Barbara hedge fund Pacificor, which financed their $30-million purchase of the "Terminator" rights and loaned $9 million for other operating expenses.
http://latimesblogs.latimes.com/entertainmentnewsbuzz/2009/08/terminator-producers-file-for-bankrupcty-creditors-include-schwarzenegger-christian-bale-mcg.html