After the 2003 release of "Terminator 3: Rise of the Machines", the franchise rights were sold in 2007 for about $25 million to The Halcyon Company, which produced "Terminator Salvation" in 2009. Later that year, the company faced legal issues and filed for bankruptcy, putting the franchise rights up for sale. The rights were valued at about $70 million. In 2010, the rights were sold for $29.5 million to Pacificor, a hedge fund that was Halcyon's largest creditor. In 2012, the rights were sold to Megan Ellison for less than $20 million, a lower price than what was previously offered. The low price was due to the possibility of Cameron regaining the rights in 2019, as a result of new North American copyright laws. David Ellison and Skydance Productions produced "Terminator Genisys" in 2015.