If it's crap ... We'll tell you
He's out of office, but he may be back in leather in no time: Former California Governor Arnold Schwarzenegger has signed onto a development package for a possible fifth 'Terminator' film.
Santa Barbara-based hedge fund company Pacificor currently owns the rights to the 'Terminator' franchise, but if a new film isn't released by 2018, the rights would revert to James Cameron (who would likely either make his own film, or re-sell the rights for a much larger profit). So, in an effort to get a new film off the ground after 2009's 'Terminator: Salvation' underperformed at the box office, they have put together a development package (essentially a rough idea with big names attached) and are shopping it around to any studio that might possibly pony up the cash for a new film. They have pitched the idea to Universal, Sony, Lionsgate, and even CBS Films to name a few.
Along with Schwarzenegger's involvement, Fast Five' director Justin Lin has been attached to the project, as well as producer Robert W. Cort. If any studio takes the bait and decides to purchase the development package, they would then hire on screenwriters and arrange funding to put the film into development.