In the movie biz if you own the rights to a commercially appealing franchise or idea you put together a package and shop around for the highest bidder. To put together a package you need talent attached, which requires convincing people to sign on to a movie that may never see the light of day (or the darkness of a cinema auditorium).
According to this report from Deadline, outgoing Governator Arnold Schwarzenegger is the key player attached to the next Terminator movie and the company that owns the rights, hedge fund Pacificor, has started shopping around for a deal. Justin Lin, director of The Fast and the Furious Five (aka Fast Five) is also attached. Universal, Sony and Lionsgate are reportedly looking at the package and one of them will almost certainly take it.
But there’s a twist. American copyright laws stipulate that if you assign your rights you get them back in 35 years. That means in 2018 the rights to the Terminator franchise will return to the original holder, James Cameron, so a deal needs to be made relatively soon.
One thing is for certain: Schwarzenegger will not be fading into obscurity in his post-politics middle age. Nor, it seems, will he be trying his hand at more mellow “mature” fare, which is a good thing given his most dramatically credible movie is probably 1990’s Kindergarten Cop (he had us convinced: it was “nut a toomar!”).
Schwarzenegger is widely expected to star in The Last Stand, helmed by renowned South Korean director Jee-woon Kim (A Tale of Two Sisters, The Good, the Bad, the Weird).