The Terminator brand is likely to have a new owner by January 2010, after current franchise holder Halcyon revealed its plans to sell off the rights to pay off its debts and recapitalise the company.
Halcyon filed for Chapter 11 bankruptcy back in August and last month it hired FTI Capital Advisors to put the rights up for sale and manage the process.
An auction is expected to be held by January at the latest, pending bankruptcy court approval.
The buyer would get rights to make future Terminator sequels, as well as Halcyon's remaining income from Terminator: Salvation (pictured).
Halcyon paid $25 million for the Terminator rights back in 2007, although in a previous bankruptcy court filing, the firm's co chief executive said he believed the rights were now worth in excess of $60 million.