COMPANY TOWN ANNEX

‘Total Recall’ Rights Draw Heated Bids: Worldwide rights to produce a television series or movie based on the hit 1990 Arnold Schwarzenegger film were sold for $1.2 million to DSL Entertainment in a U.S. Bankruptcy Court auction, after bidding started at only $310,000. The sale of a potential TV project based on the film was conducted as part of the bankruptcy case involving former high-flying film producer Carolco Inc., which produced the movie that was directed by Paul Verhoeven and also starred Sharon Stone. Carolco filed for Chapter 11 of the U.S. Bankruptcy Code last November. Other bidders were Canada’s Alliance Entertainment and producer Allen Shapiro.