Published On: Sun, Jan 26th, 2014
Movies | By Stephen Nevets
'Terminator Genesis' financing company backs out, moves ahead with Skydance
Megan Ellison's Annapurna Pictures, the production company that got the ball rolling on the next installment of the Terminator franchise has dropped out as a co-financier and will no longer help to fund the film.
Terminator: Genesis will still be funded by David Ellison's (Megan's brother) Skydance Productions and distributor Paramount Pictures.
According to Deadline, Skydance will put up two-thirds of the film's budget with Paramount making up the rest.
The departure of Annapurna Pictures from the project comes as a surprise seeing as the company fought for the rights to the franchise in 2011, beating out Lionsgate.
Megan Ellison said "We love this project and the direction it is going in, but for now Annapurna's primary focus is to produce independent films".
"Skydance Productions focuses on elevated event-level film making and the relaunch of this iconic franchise is a perfect match for our company," said David Ellison. "I'm grateful to Megan, who will remain involved as an executive producer, and for initially bringing the Terminator franchise to us."
Terminator: Genesis is being directed by Thor: The Dark World director Alan Taylor with Emilia Clarke and Jason Clarke signing up to play Sarah and John Connor.
Arnold Schwarzenegger will also be returning as the Terminator.
The film is slated to be released on July 1, 2015.
Stephen Nevets - Stephen is a contributor and writer on The Dispatch. Stephen is the founder and editor for the Steven Spielberg Fan Club website and contributes to pop culture stories on The Dispatch, especially upcoming movie news. Beginning in 2016, Stephen took the role of Managing Editor for the Tampa Dispatch.
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