Cameron, who will regain the rights to Terminator in 2019, is reported to be “godfathering” the new film (we don’t think that means he’ll be leaving horses heads in Miller’s bed). Cameron sold the rights to the original film for $1 to producer Gale Anne Hurd, with the agreement that Cameron would be allowed to direct The Terminator.
Apparently, Ellison is, bankrolling an exploratory effort that includes engaging some top-flight science fiction authors to find the movie creatively. Ellison still holds many Terminator rights, after his 2013 acquisition from sister and Annapurna principal Megan Ellison. She bought them in 2011 at Cannes for $20 million.
Whether the new Terminator film will be a reboot, or a continuation of Cameron’s first two films, or a continuation on from Genisys, or will ignore Rise Of The Machines, Salvation and Genisys altogether is all up in the air at the moment. The plan is for Miller to direct with whatever the writer brains come up with, as Cameron will be busy directing the four Avatar sequels.