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    Arnold Schwarznegger re-casted for Terminator 5

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    Arnold Schwarznegger re-casted for Terminator 5

    Post by Nameless on Fri Jun 14, 2013 1:55 pm

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    EXCLUSIVE DETAILS:A spate of reports of movement on The Terminatorfranchise is a good sign that the franchise is finally starting to percolate again. I’ve learned that each Ellison— Davidand Megan, both scions of Oracle chief Larry Ellison — will finance 33% of the film’s budget, with Paramountfinding the remaining third. Arnold Schwarzeneggerhimself said yesterday during an appearance in Sydney that he’s coming back and the movie will start shooting in January. None of this is really a surprise: Back in December, Megan Ellison, who’d spent $20 million to buy The Terminator sequel rights during 2011 Cannes, partnered on the franchise with her brother David. She makes prestige films and he makes popcorn fare like Star Trek and Mission: Impossible sequels, so the union made sense. The Wrap claimed an exclusive that Paramount would be the distributor. Well, through Skydance Productions, David makes all his movies with Paramount, so it was kind of obvious the films would likely land there. Skydanceand Paramount are just coming through the gigantic ordeal of makingWorld War Z, which, despite a massive budget, looks like it will do some serious global business.

    As for Schwarzenegger, he’s been attached since back in May 2011, when Megan Ellison beat out Lionsgate and paid around $20 million for the franchise. She bought it from Pacificor, which had paid $29.5 million to pull the property out of bankruptcy. The latest rumor is that Megan Ellison would make a hail mary pass attempt to draft herZero Dark Thirtydirector Kathryn Bigelow. That would be a coup, but it’sbeing denied, which means either that it’s not true, or Bigelow passed already. The project has been director-less sinceFast 6‘s Justin Lin bowed out of the project when it was being developed solely by Megan Ellison. I met Lin at Sundance and he made it clear he wouldn’t return because he was not involved in the development of the script. Ellison in January hired Avatar and Shutter Island ‘s Laeta Kalogridis and My Bloody Valentine ‘s Patrick Lussier to write the script,so it stands to reason that the film should be ready to shoot by early next year.

    The big shame in the almost three-year delay from the rights deal to that production start is that there is a ticking clocks that impacts the number of Terminator films that can be made. Franchise creator James Cameron — who has stayed on the sidelines since directing the first two classic films — isthe beneficiary of changes in copyright law. Basically North American rights to the franchise revert back to him in 2019. That is because the copyright reversion now takes place after 35 years, andThe Terminatorwas made in 1984. There should be no reason the Ellisons’ Annapurna Pictures and Skydance shouldn’t be able to make two sequels that end the human race’s battle against Skynet. But the original thought was that the film would span three pictures, and that might not be possible. No studio would roll the dice on that kind of potential quandary.

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    There is no telling if Cameron would consider lending the rights for more movies. He actually sold his rights in the picture to then-partner Gale Anne Hurd for $1, to ensure he would not be removed as the director. So even though he has made gazillions of dollars fromTitanicandAvatar, cashing in on his signature project, the one he got screwed over on, might be symbolically important to him. On the other hand, none of the sequels were near as good as Cameron’s first two films, so hemight just want to keep moving forward with hisAvatarsequels and retireThe Terminatorin 2019. Arnold will be 71 by then so it might be euthanasia on Cameron’s part by then.

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    Re: Arnold Schwarznegger re-casted for Terminator 5

    Post by Nameless on Mon Jun 17, 2013 1:00 pm

    Paramount Pictures is reportedly close to a deal with Megan Ellison's Annapurna Pictures and David Ellison's Skydance Productions to distribute the long-gestating Terminator 5, which could commence production as early as next year once a director is hired.
    Laeta Kalogridis and Patrick Lussierwrote the most recent draft of the T5 script. Arnold Schwarzenegger has been linked with the sequel for some time now.
    Director Justin Lin had been attached to the project at one point before dropping out to work on Fast & Furious 6.

    According to TheWrap, "Megan Ellison spent more than $20 million to acquire rights to the Terminatorseries in May 2011, which comes with a ticking clock attached, as new copyright laws allow for North American rights to revert back to creator James Cameronin 2019, 35 years after the original 1984 movie."

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