BREAKING NEWS
Deadline.com has reported today that the Terminator franchise has finally found a home. According to the webte;
Megan Ellison has won an auction for the rights to make at least two more installments of The Terminator franchise, with Fast Five's Justin Lin attached to direct and Arnold Schwarzenegger attached to star. The deal came down to Ellison's Annapurna Films and Lionsgate, which seemed to have had the project sewn up until she came forward with a dramatic bid. The auction at the time was for a guarantee for at least half of the $29.5 million paid by hedge fund Pacificor to pull the franchise out of bankruptcy. Unclear what the winning amount was, but I wouldn't be surprised if it hit the $20 million mark. CAA brokered the deal.
Megan Ellison is the daughter of Oracle founder Larry Ellison, and ster of Paramount-based Skydance producer/financier David Ellison.
I will keep you guys updated as more information on the Terminator surfaces.