"He’s baaack!" writes Mike Fleming at Deadline.com.
Fleming continues, "Arnold Schwarzenegger is attached to star in a rights package that CAA is shopping today that will revive ‘The Terminator’, one of Hollywood’s most iconic scifi franchises. The agency is dropping the package on studios this afternoon. I’m told that already, Universal, Sony and Lionsgate, and CBS Films are looking hard at the package."
Justin Lin, who directed "Fast Five," is attached to direct. No screenwriter has been hired.
The reason the property is being shopped to multiple studios is because, as Fleming notes, "This is the first real activity on ‘The Terminator’ project since February 2010, when the property emerged from a bankruptcy auction and into the possession of Pacificor."
Fleming also explains that "In this case, [the original co-writer and director of ‘The Terminator,’ James] Cameron assigned his rights to Hemdale, and the North American rights will revert back to him in 2018. Now, Cameron has more or less washed his hands of the ‘Terminator’ franchise, but I’m told a new deal would have to be made with him if the plan was to keep making ‘Terminator’ installments beyond that period. There is plenty of time to make at least two ‘Terminator’ films before that happens, and that might be sufficient to end the saga that so far has spanned four films."
The last film in the franchise was 2009’s "Terminator Salvation,’ which starred Christian Bale in the role originated by Schwarznegger, and directed by McG.