Terminator 5 has been in the oven since the rights went up for sale in 2011, but two years later, the sequel has yet to properly bake. Justin Lin was attached to direct for some time, but went on to direct Furious 6 instead. Now that he's said goodbye to the Fast & Furious franchise, perhaps Lin will double back to Terminator 5, but Lin surely has a list of offers longer than your leg, so we'll see. Regardless, another battle with Skynet needs a director.
Undaunted by the lack of a helmer, Schwarzenegger tells The Arnold Fans, "In fact, I’m very happy that the studios want me to be in Terminator 5 and to star AS the Terminator, which we start shooting in January and I’m also going to do King Conan – to play that role and also to do another Twins movie. So I feel very proud of that. I feel very happy and I’m looking forward to doing those films."
Having completed his truly surreal gubernatorial tenure and enduring an also-surreal scandal, Schwarzenegger returning to starring roles earlier this year with The Last Stand. Despite being a whole mess of silly fun, that movie failed to connect commercially. He's starring in David Ayer's Ten and Escape Plan alongside Sylvester Stallone in the near future, but Schwarzenegger could use a sure thing. A decade ago, when he needed a sure thing, the actor turned to Terminator 3: Rise of the Machines to help propel him into the governor's office.
Now, he might just get a boost from the franchise again, despite his once-vociferous claims that he'd never make a Terminator without James Cameron directing.
Early this year, Laeta Kalogridis and Patrick Lussier, best known from Shutter Island and Drive Angry, joined the project as screenwriters. Hopefully they've conjured up an explanation as to why Skynet would be manufacturing robots that look like 65 year old men.
Even after the Schwarzenegger-less Terminator: Salvation suggested that the series may have run out of gas in 2009, Megan Ellison of Annapurna Pictures snagged the rights two years ago. With more experience on awards season favorites like Zero Dark Thirty, The Master, and True Grit, Ellison recently teamed up with her brother, David Ellison, on Terminator 5. The other progeny of Oracle honcho Larry Ellison oversees Skydance Productions, which has teamed with Paramount Pictures on big endeavors like Star Trek Into Darkness, Mission: Impossible - Ghost Protocol, and World War Z.
Unsurprisingly given David Ellison's relationship with Paramount, The Wrap reports that Paramount is currently in negotiations to distribute Terminator 5.
So Terminator 5 may indeed be moving forward. As he mentioned, Schwarzenegger is also pursuing sequels on two other familiar properties. One is a sequel to Twins that would team him with Danny DeVito and Eddie Murphy as unlikely siblings. The other is The Legend of Conan, which is set up at Universal Pictures with Fast 5 and Furious 6 writer Chris Morgan producing.