Paramount Eyes <i>Terminator</i> Sequel

It looks like Arnold Schwarzenegger is going to make good on that whole "I'll be back" threat.

According to TheWrap, the former California governor is one step closer to reprising his signature role in the Terminator franchise. The site reports Paramount Pictures is in negotiations to snag the distribution rights for the upcoming fifth Terminator movie, which is being produced by Megan Ellison's Annapurna Pictures and David Ellison's Skydance Productions.

It might seem like a small step along the way toward making the next Terminator film a reality — and, well, it is. But small steps have been the name of the game with the continuation of this franchise.

Ellison's Annapurna acquired the rights for Terminator in May 2011 in a deal that cost north of $20 million. In January, writers Patrick Lussier and Laeta Kalogridis were tapped to pen the sequel's script. All along the way, Schwarzenegger has expressed his commitment to sticking his thumb out of the molten steel bath one more time (or something like that), after sitting out of Terminator: Salvation. Getting Paramount on board as a distributor is just one more small step along the development process, but possibly a giant leap for Terminator-kind.

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