
The lovely Kate Erbland mentioned this in her Cannes acquisition roundup earlier but, seeing how this is some of the biggest news to come out of France since someone saw someone else's underpants after they also saw London, here is the expanded version.
Producer Megan Ellison (TRUE GRIT, KILL BIN LADEN) and her Annapurna Films company beat out Lionsgate in a bid for the rights to make at least two more TERMINATOR films. It looked as if Lionsgate would be the victor on late Thursday, but Ellison won it out in the final hours. The winning bid was not disclosed, but Deadlineis reporting it could have been as high as 20 million dollars upfront, or around "half of the $29.5 million that Pacificor spent to claim the property in a bankruptcy auction." Ellison had no domestic distributor attached at the time of the bout, so this could turn out to be one hot ticket item in Tinseltown, making her risky offer not so risky after all. Continue reading