It'll be back—new Terminator movie one step closer

Contributed by
Dec 14, 2012, 4:09 PM EST

A new movie in the Terminator series, which last came to the screen in 2009's Terminator Salvation, may be one step closer to happening. According to Variety, the current owners of the rights to the franchise, a hedge fund called Pacificor LLC, announced today that it has hired the Hollywood talent agency William Morris Endeavor (WME) to help sell the rights to a studio or production company.

That's a smart move, since Pacificor has no prior experience making movies. The fund picked up the Terminator rights for $29.5 million in an auction last February after the previous owners, a company called Halcyon, went bankrupt. Pacificor had some post-auction talks with Sony and Lionsgate, who were also bidding for the rights, but nothing came of that.

The now-defunct Halcyon itself bought the rights in 2007 for $30 million from original producer Mario Kassar, with financial help from Pacificor. The package include the rights to all future movies, TV series, DVDs and merchandise. Not a bad deal for a franchise that has made $1.4 billion worldwide.

So far there have been four Terminator feature films and the short-lived TV series Terminator: The Sarah Connor Chronicles. Terminator Salvation, which starred Christian Bale and Sam Worthington, was not liked very much by critics or fans, with the movie taking in only $125 million in the U.S. while costing $200 million to make (it made about $246 million overseas).

The movie was supposed to launch a new trilogy, and supposedly there is a script for a fifth film floating around and even an outline for a sixth. Salvation director McG has expressed interest in coming back, although that's probably not in the cards at this point. However, the original series star, Arnold Schwarzenegger, will step down as governor of California at the end of this year. Are you thinking what we're thinking?

Would you like to see Terminator come back? Where should they take the story?

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