By Beth Hanna | Thompson on Hollywood December 4, 2012 at 1:39PM
Megan Ellison has enlisted her brother, David Ellison, to be her financial and creative partner on her revamp of "The Terminator" franchise. Ellison pledged over $20 million for the rights to the franchise 18 months ago, promising to finish the cyborg's storyline via a new series of films. Ellison's banner Annapurna and her brother's banner Skydance Productions will co-produce.
There is still no studio attached, and no script. The clock is slowly ticking on the project, as all "Terminator" rights revert back to James Cameron in 2019. In light of this, the original deal to make an additional three films (adding to the four existing "Terminator" films), has been reduced to two.
The franchise is more in line with David's repertoire. While Megan has poured money into prestige art-house projects such as Paul Thomas Anderson's "The Master" and Kathryn Bigelow's current Oscar contender "Zero Dark Thirty," David's Skydance has been outputting "Mission Impossible: Ghost Protocol," "Jack Reacher," "World War Z" and "Star Trek Intro Darkness."
The siblings, whose father is billionaire Oracle founder Larry Ellison, have only collaborated once before, on the Coen brothers' "True Grit" -- it went on to receive ten Oscar nominations in 2010.