Stentz and Miller would also serve as the executive producers of the television project based on James Cameron-created franchise, said the Hollywood Reporter.
The new series will follow a critical moment from the original 1984 'Terminator' movie, but will take it in a completely different direction. Other details are still kept under wraps.
The sci-fi film franchise, starring Arnold Schwarzenegger as the title character, was earlier made into a TV series by the name of 'Terminator: The Sarah Connor Chronicles', which aired in 2008-2009.
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