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Arnold‘s back as Terminator in its rebooted franchise slated for June 2015

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MUMBAI: The formula of rebooting seems to have worked well at the Box office with The Amazing Spiderman raking in over $750 million and the latest Superman reboot Man of Steel amassing over $400 million worldwide.

Clarifying all speculations behind the ($ 1 billion) Terminator franchise reboot, Paramount has confirmed the release for 26 June 2015. The studio is in works to co-finance and distribute the reboot of James Cameron‘s Terminator franchise that originally hit the theatres in 1984.

Highbrow picture maker Megan Ellison has reportedly spent over $20 million for the rights of the super-hit franchise in 2011. However the project didn‘t move forward until Megan Ellison and her Annapurna Pictures joined forces with brother David Ellison, whose Skydance Productions has a deal with Paramount and makes popcorn movies. 

While the script is being penned by Avatar‘s executive producer Laeta Kalogridis and Drive Angry‘s editor Patrick Lussier, Dana Goldberg and Paul Schwake of Skydance will serve as executive producers. Arnold Schwarzenegger will return as the emotionless robot in the title role.

Looking ahead, Paramount is hoping to get at least two movies done before North American copyright reverts back to Cameron.

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