“We’re pretending the other films were a bad dream.”
That was what Terminator 1 & 2 director James Cameron had to say to The Hollywood Reporter regarding the past three films.

I wrote before about how the famed writer/director/producer/deep sea explorer is returning as a producer to the Terminator franchise, which has seen a steady decline since his departure after Terminator 2: Judgement Day. Tim Miller, director of the incredibly successful Deadpool film, will be taking over as director of this Terminator reboot.
In the recent interview with The Hollywood Reporter, Cameron confirmed that he and Miller will create the new film as a direct sequel to the fan favorite T2 and that the other Terminator movies (Terminator 3: Rise of the Machines, Terminator Salvation and Terminator Genisys) will be part of a separate timeline.

I am one of the minority of fans that didn’t mind Rise of the Machines. I’m not saying it was as good as the first two iconic films, but I don’t think it was a failure either. You will never hear me say the same thing about Genisys…
As I mentioned in a previous article, all we know for sure about the story is that it will explore the origin of Arnold Schwarzenegger’s T-800 Terminator model. Per Cameron
Both Schwarzenegger and Linda Hamilton have said that they will return for the project. No word yet on Edward Furlong, Robert Patrick or what remains of Axel Rose’s voice…
In my guess, they’re not going to look into how the Terminator got that particular face. May be a passing reference to a human character.
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