Production Weekly tweeted 14 hours ago that:

James Cameron is developing a Shane Salerno-scripted sci-fi action script for Fox, described as an “event” film set in the future.

The Hollywood Reporter had the folowing script details.
:
“Plot details are being kept under wraps, but it is known to be an epic science fiction adventure in the vein of The Seven Samurai involving a group of aliens and humans with various abilities who are brought together to save Earth.”

No one knows whether he’ll be directing it also but the script was a spec script by Shane Saleron who’s written such tripe as: AVPR: Aliens vs Predator – Requiem, Ghost Rider, Shaft and Armageddon.

It is reported he got paid in the Seven figure range for the script lucky bastid.

😉

How does this affect Terminator and his possibility of buying the rights. It doesn’t he’s stated that he’s done with Terminator I’ll be shocked (happily) if he does buy the rights. but I’m not expecting it. Besides which he’s quoted as enjoying both T3 and TS so he’s as interested to see where the franchise will go next as the fans are.

Ross Out.

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