EXCLUSIVE: Although Megan Ellison and her Annapurna Pictures started the process on reviving the Terminator franchise, she has divested herself financially of involvement in the final two or three pictures that will now be solely financed by her brother David Ellison’s Skydance and Paramount Pictures. This has been confirmed to me, and I’m told she will retain an executive producer credit. No one was specific about how the funding of the films will be handled, but I’ve heard that Skydance will now fund 66%, and Paramount will pay for the rest. Others say this has not been determined, as the film is now being budgeted.
Coupled with a changeover at the top of her sales company Panorama yesterday, it might seem that Megan Ellison is tapering off. I don’t believe that’s the case. Even when she took control of The Terminator franchise when she paid $20 million or more to acquire the rights at auction around the time of Cannes 2011, this property was an anomaly for her. Her heart is in taste-maker auteur-driven fare, and she has become a patron saint of prestige films that might not otherwise get made. That is what she will focus on. Her efforts include recently named Best Picture nominees American Hustle and Her, last year’s Zero Dark Thirty and The Master, and the upcoming Bennett Miller-directed Foxcatcher.
For her brother David, Terminator: Genesis and possibly two other films to wrap up the storyline are right in his wheelhouse. He’s at home co-financing and producing large-scale popcorn pictures, and this one fits right in with his other franchises: Mission: Impossible, Star Trek and World War Z. Both of the Ellison siblings confirmed this has happened. (more…)