Over the last three days there’s been a bidding war over the rights to make a 5th Terminator film and last Wednesday it came down to Lionsgate which has been the stalking horse for a long time and Annapurna Films represented by Megan Ellison who first produced a film with the fantastic True Grit remake.

Today Megan Ellison and Annapurna Films have risen to the top and have won the rights to make “At least two” Terminator films with Fast Five Director Justin Lin. No numbers have been released yet but the numbers being tossed around are $20 Million or more.

This news has me really excited because for one thing the rights have been brought by a producer keeping with prior Terminator history. Not only that Megan already has a great eye for picking films that are, solid, exciting, cutting edge, dramatic and dynamic. In the coming months we’ll see her name behind such films as The Wettest County in the World, Paul Thomas Anderson’s new film, Wong Kar Wai’s The Grandmasters, and Kathryn Bigelow’s tentatively-titled Kill Bin Laden.

Terminator is still a hot property, and we can look forward now to even more news as the project moves forward.

For more information:Deadlines Original Story