Independent Producer Megan Ellison's [True Grit] Annapurna Productions have bought the rights [via auction] to make at least two Terminator movies. Justin Lin [Fast Five] will direct and Arnold Schwarzenegger will return to the franchise. Deadline report that "The deal came down to Ellison's Annapurna Films and Lionsgate, which seemed to have had the project sewn up until she came forward with a dramatic bid. The auction at the time was for a guarantee for at least half of the $29.5 million paid by hedge fund Pacificor to pull the franchise out of bankruptcy." Ellison is also financing Kathryn Bigelow and Mark Boal's Osama bin Laden movie.