Paramount Pictures are currently negotiating distribution rights to Terminator 5 which is set to be produced by Megan Ellison’s Annapurna Pictures & David Ellison’s Skydance Productions according to TheWrap. Screenwriters Laeta Kalogridis & Patrick Lussier were reined in early last year to script the next installment in the sci-fi series. Originally Fast Five director Justin Lin was on board to direct Terminator 5 when production was set to go ahead in December 2012, but 'fortunately the dude had to bail' in September 2011 so as to complete that cinematic masterpiece Fast & Furious 6. Arnold Schwarzenegger has confirmed on multiple occasion that he intends to be involved in the franchise’s next installement. Production could well start next year. Check out the movies possible direction here.