Ever since The Halcyon Company managed to snag the rights to The Terminator franchise out from under MGM’s nose in 2007, the sci-fi series has been bounced around from owner to owner like an unwanted child. When Terminator Salvation failed to live up to commercial expectations, Halcyon eventually ended up declaring bankruptcy and the rights ended up back with Pacificor, the hedge fund that loaned them the cash to buy it in the first place. Then, once Arnold Schwarzenegger left office, his agency began shopping around a package for a new Terminator film with Justin Lin attached to direct. Although Universal was initially believed to be the most interested, this month Lionsgate came in with a solid offer for the project that was expected to secure a deal. It looked like they were going to win the rights, until suddenly at the last minute Megan Ellison swooped in from out of nowhere to outbid them and take the Terminator franchise with her. Who is Megan Ellison? Read on to find out!
Megan Ellison is the daughter of multi-billionaire Larry Ellison, founder of Oracle, and over the past few years she has been getting into the movie producing game with her own Annapurna Pictures. Thus far she has been sticking mainly to art house and indie films from acclaimed directors (ie. P.T. Anderson’s The Master, Kathryn Bigelow’s Kill Bin Laden, John Hillcoat’s The Wettest County in the World, and Andrew Dominik’s Cogan’s Trade). This would be her first attempt at putting together a major blockbuster. So what does this all mean?
Well, the first thing it means is that Terminator 5 is one step closer to happening, and that the movie will be looking for a U.S. distributor at Cannes. Things could still change, but it sounds like both Arnold and Justin Lin are still attached to the project, although there has been no mention of Christian Bale, which would seem to support the earlier rumour about a new Terminator film with most of the original cast members. Lastly, with Ellison’s previous track record,there is reason to believe that the franchise is finally in the hands of someone who is passionate about making great movies first and foremost, with money being a secondary concern. So all in all, this could be very good news. Keep your fingers crossed people, perhaps Megan Ellison will prove to be the Terminator franchise’s real salvation.