It isn't quite clear yet where this proposed reboot will land. It looked like it was Lionsgate's project to ruin after the studio offered an upfront payment of $29.5 million to current title owners Pacificor, which would have been half of what they spent to original acquire the property. Megan Ellison came in late with a higher bid. The two studios are now fighting it out.
The deal will be closed shortly, and according to Deadline, when this happens, Terminator 5 will move onto the Cannes Marketplace, where Arnold Schwarzenegger already has two other films in play: Last Stand and Cry Macho.