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Things are starting to move on The terminator franchise, but a plan by rights owner Megan Ellison and Arnold Schwarzenegger to put the first of two pictures in production for fourth quarter of 2012 has forced director Justin Lin to drop out. But borrowing the film’s signature phrase "I’ll be back," Lin has left the door open to a return if Ellison and Schwarzenegger will wait until he completes the sixth installment of The Fast and the Furious franchise.

One of the caveats involved in the rights deal with Pacificor (which spent $29.5 million to win the rights in bankruptcy court) is that certain rights revert back to Cameron due to a stipulation in copyright law that if you assign your rights, you get them back in 35 years. Cameron assigned his rights to Hemdale, and the North American rights will revert back to him in 2018. Even that part of the story has gotten intriguing: while Cameron washed his hands of the Terminator franchise years ago, his close friend Schwarzenegger has dragged him into a brainstorming meeting or two, even though he is not officially involved.