3 December 2012 4:15 PM, PST | The Wrap | See recent The Wrap news »

Megan Ellison and her brother David Ellison will partner on producing future installments of "The Terminator" franchise, having jointly acquired the rights to the iconic brand first brought to the screen in 1984.  The Ellisons, children of billionaire Oracle CEO Larry Ellison, acquired the rights from Pacificor and will co-produce future films. No price was stated, though a spokeswoman for Megan Ellison said it was south of $20 million. The assets include rights to films, television projects, home entertainment and merchandise. Megan Ellison first won an auction for the rights in May 2011, »

- Lucas Shaw

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