Next Terminator moves forward with Paramount

terminator_5The Wrap has reported that Paramount Pictures is currently in talks with production company and rights holder Annapurna Pictures to obtain distribution rights to the fifth film in the Terminator franchise.

Megan Ellison’s Annapurna Pictures picked up the rights in 2011 to produce two more installment in the series and Laeta Kalogridis (Avatar) and Patrick Lussier (Drive Angry) were hired to start working on the next sequel’s script. Since then, very little movement has been made and Ellisons’ Annapurna Pictures and Skydance Productions are now in negotiations with Paramount that could result in the major studio serving as a backer and distributor for the highly anticipated Terminator 5.

Better yet because Ellison, who paid more than $20 million to acquire the rights, must make a film by 2019 before the rights revert back to the creator of the franchise, James Cameron.

All three companies had no comment on the reported talks.

Arnold Schwarzenegger was reportedly set to reprise his most famous role as the time-hopping T-800 cyborg and Justin Lin was going to direct from a script he was to pen, but had to drop out to complete Fast & Furious 6. Since then, Schwarzenegger was not officially set for the project.

There is no word regarding the plot as of yet, but with distribution nearly settled, there may be more announcements coming very soon.