Work set to begin on two new Terminator movies?

News Simon Brew 4 Dec 2012 - 07:11

Financing of the new Terminator movies now seems to be finally moving. The race is now on to make two new films before 2019...

It's been a bumpy year and a half or so on the road to a potential Terminator 5. If you've followed the story to date, you'll know that the rights were eventually picked up in an auction for the best part of $30m by Pacificorp, and in turn by Megan Ellison and her company, Annapurna Pictures. She then got Fast & Furious director Justin Lin involved, Arnold Schwarzenegger was seemingly enlisted, and Terminator 5 appeared to be pressing ahead.

However, Lin decided to go and make one, probably two more Fast & Furious movies. Schwarzenegger has opted for other films in the meantime, with The Legend Of Conan likely to take up much of his 2013. And there had been seemingly no progress on the new Terminator movie.

But it looks like there's life in the franchise yet. The problem, it seems, is that the North American rights to the Terminator franchise revert back to James Cameron in 2019. Hence, Megan Ellison has now apparently restructured the original deal, and crucially the price, with that in mind. It leaves a window to make, basically, two more Terminator movies before it's likely that Cameron will own the rights again.

Megan Ellison has also now brought her brother, David, into the deal. David Ellison runs Skydance Films, and the pair of them are now set to produce Terminator 5.

With regards the state of the film itself, the continued financial negotiations explain the lack of development work. As such, the Ellisons are now on the hunt for a screenwriter to start once again on bringing Terminator 5 to the screen. It sounds like they're basically starting from scratch on two new movies, with the clock very much ticking. Thus, we'd expect a bit more progress this time around...

Source.

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