Deadline reports that former California governor Arnold Schwarzenegger is indeed signed to star in a new TERMINATOR film.
Major Hollywood agency CAA is shopping a film “package” that includes Schwarzenegger and currently hot director Justin Lin (FAST FIVE) to studios.
The article claims that Universal, Sony Pictures and Lionsgate are very interested in the project, though no script has yet been devised.
There may be some degree of urgency to the TERMINATOR franchise; in 2018 North American rights to the characters will technically revert to original writer/director James Cameron (and presumably producer/co-writer Gale Anne Hurd).