UPDATE: Megan Ellison won the war! Go, Megan Ellison!
Arnold Schwarzenegger has come back to the Terminator franchise — [Insert "I'll Be Back" Joke] — and Fast Five direct Justin Lin is also attached. Interest is clearly heating up like a vat of molten steel, because Lionsgate has competition for buying the rights from hedge fund Pacificor: Megan Ellison. You may remember hearing about Ellison on this very website, because the wealthy heiress is financing tons of interesting projects, like Kathryn Bigelow‘s Osama Bin Laden movie and Paul Thomas Anderson’s The Master, along with last year’s True Grit. Lionsgate bid $29.5 million, but Ellison’s Annapurna Films bid higher. *Tension*
Who will control the new Schwarzenegger Terminator? Still waiting to see if Skynet throws in a bid. (Movieline)