To hell with this news. It was so much better when the Terminator franchise was very clearly coming apart at the seams. Now someone who seems respectable has gone in and snatched up the rights, which means we can hope for a better dystopian future from the classic sci-fi series sometime soon.
The word from Cannes is that Megan Ellison and her Annapurna Films beat out Lionsgate in an auction for the rights to Terminator, Deadline reports. The actual amount hasn't been disclosed, but Lionsgate's most recent bid was roughly $15 million, so the number certainly climbed a few notches higher in bringing the new deal to a close so quickly.
What's noteworthy is Ellison's resume. She exec produced last year's True Grit and she's got ties now with a number of upcoming serious-minded films, including Kathryn Bigelow and Mark Boal's in-development Kill Bin Laden, the John Hillcoat-directed, Nick Cave-penned crime drama The Wettest County in the World (starring Shia LaBeouf, Tom Hardy and Gary Oldman) and the Paul Thomas Anderson drama The Master (with Philip Seymour Hoffman and Jaoquin Phoenix).
None of this means that Terminator, which is locked down for at least two more installments from Annapurna, will be good, but it does mean that someone who recognizes quality will be holding the purse strings. Which means fans can dare to hope again.