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  Warner Bros. Lands Rights to 'Terminator 3'
Time: 10:53 EST/15:53 GMT | News Source: Reuters | Posted By: Robert Stein

Warner Bros. Pictures has clinched U.S. distribution rights to ``Terminator 3,'' with Arnold Schwarzenegger returning to his best-known role, capping a bidding war among some of Hollywood's biggest studios, producers of the film said on Tuesday. Financial terms of the deal were not disclosed, but the production and financing team behind the project reportedly had set its asking price at $50 million plus half the gross receipts generated by the film.

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