NEWS ROUND UP (UPDATED): The Terminator's back, Everquest, Will Ferrell and Thundercats, HO!

It’s busy been a busy old week in the SF newsosphere. Here’s our pick of the hottest stories to emerge since the weekend...

IT’S NEWER NEWS!
It now looks like a new Terminator movie really is going to happen, as Warner Bros has picked up the franchise rights. Terminator Salvation: The Future Begins will be the first film of a new T-trilogy, with T3 writers John Brancato and Michael Ferris providing the screenplay. The producers are apparently leaving it open for a Governator Schwarzenegger, should he be able to squeeze it into his schedule. Read more at Variety . Thanks to ICV2 for the heads up.

IT’S NEWS!

Former Marvel supremo Avi Arad is working on a movie adaptation of MMORPG Everquest, and has hired 300 screenwriter Michael Gordon to condense the complex virtual world into something resembling a movie script. You can read more at Sci Fi Wire .

IT’S NEWS!
Thunder. Thunder. Thunder. Thundercats, ho! The big-screen adaptation of Thundercats has a director. Variety confirmed that Jerry O’Flaherty, a first-time movie helmer who worked as art director on games like Gears of War, will take control of the computer-animated feline adventure. We’re waiting to hear whether Snarf will be making an appearance.

IT’S NEWS!
Great Odin’s raven! Will Ferrell’s set to star in a comedy adaptation of ‘70s TV series Land of the Lost. Universal has said “yes please!” to the movie, which will be directed by Lemony Snicket’s Brad Siberling and is set to start shooting in March. See more at Sci Fi Wire .

IT’S NEWS!
Bourne Identity director Doug Liman (recently linked with an update of Knight Rider) is set to take Jake Gyllenhaal to the moon... Not in a real-life rocket, but in an as-yet untitled movie. According to Variety
, it’s set around “a private expedition to the moon and the race for lunar colonisation”. Hmm, spacey.