"War of the Worlds" screenwriter Josh Friedman will write the pilot and serve as executive producer of the series.
Variety said the series will take place during the time period between the "Terminator" and "T2."
Neither Hamilton nor California Gov. Arnold Schwarzenegger, who originator the "Terminator" character, are expected to be part of the TV series, Variety said.
Yosemite climber falls 30 feet, suffers major injuries
Lytro unveils camera that can focus a photo after shooting it