It goes without saying that you should take the following with a healthy helping of skepticism, but according to a blog called Action Effects (via Moviehole), Arnold Schwarzenegger has committed to return for Terminator 5 and the movie may shoot sometime in 2013. Not only that, there's a sixth movie planned as well. The two Terminator sequels will supposedly continue where Terminator: Salvation left off and close out the franchise.
Like I said, a healthy dose of skepticism. Everything may very well be true, but since that blog post is not well-sourced, it's best to file that under the rumor department until there are corroborations.
It's no secret that Annapurna Pictures, the new owner of the Terminator franchise, wants Schwarzenegger to reprise his role as the T-800 though. People associate Terminator with Schwarzenegger and to make a movie without him is probably unwise at this moment.
Justin Lin, who was attached to direct Terminator 5, had talks with the former governor about the movie before he left the project to work on Fast 6. We don't know where the movie was at when he left, but development just doesn't stop. A screenwriter is most likely working on the script, or scripts, as we speak.
Since Annapurna hasn't announced Lin's replacement, can we assume Lin is coming back to direct the movie, especially when he's not shooting Fast 6 and 7 back-to-back?
Of course, one doesn't buy the Terminator rights for $20 million just to, ahem, terminate it. The studio will want to milk the franchise for all it's worth. If the rumor about T5 and T6 closing out the franchise holds any water, it just means closing out the Schwarzenegger-era Terminator movies, after which we'll see a reboot of the franchise and/or someone else as the focus.
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