Terminator 5 Sparks A War – A Bidding War

A bidding war has broken out over the rights to the “Terminator” franchise reports Deadline.

On the one hand you have mini-major Lionsgate which looked likely to win the rights and has been trying to get them for years. On the other hand there’s Annapurna Pictures, the production company created by heiress Megan Ellison which is backing various small upcoming films from acclaimed directors.

Ellison submitted a higher offer and though not having a distributor locked, it should be relatively easy for to get one of the major ones which are considerably larger than Lionsgate. Despite the age of the franchise and the not particularly enthusiastic reaction to the last two sequels, the return of Arnold Schwarzenegger under the direction of “Fast Five” helmer Justin Lin in a fifth entry has gotten a lot of people interested in it again.

Whomever wins will have to move with some speed, the rights to the franchise are set to revert back to creator James Cameron in 2018.