McG is Developing Terminator 5 December 15, 2008 The Terminator Will Be Back For The 5th Time. Derek Anderson and Victor Kubicek are said to reportedly developing a fifth instalment in the Terminator franchise. Helmer McG, who directed the upcoming fourth pic, “Terminator Salvation,” is working with the Halcyon duo on the latest project. Announcement was among the news that came out of the Dubai Intl. Film Festival, which bowed Dec. 11 and runs through Thursday. No decision has been made as to where to film the next “Terminator,” although the Middle East was mentioned as a locale. When Anderson and Kubicek acquired the rights the lucrative “Terminator” franchise last year from previous owners C2, the former ad exec and banker envisaged the re-booted series as a trilogy. Christian Bale has signed on in the role of John Connor for all three roles. Newest pic is tentatively skedded for a 2011 release. The duo had originally planned to wait until the release of “Terminator Salvation” next summer before deciding on whether to proceed with the next chapter, but the positive studio, fan and media reaction to footage from the current pic has encouraged them to move forward ahead of schedule: “We feel the time is now to start shaping the next part of this,” Kubicek said.