Michael Douglas toplines as Reagan in 'Reykjavik'

LONDON — Christoph Waltz has signed on to play former Soviet leader Mikhail Gorbachev in Mike Newell’s “Reykjavik.”

The Austrian thesp will star opposite Michael Douglas as former president Ronald Reagan. The film tells the story of the famous meeting in Iceland’s capital between the two premiers that signalled the end of the Cold War.

“I feel very fortunate to have two such masters to portray the men who brought about the end of the third great war of the 20th century,” Newell said.

“Reykjavik” will be produced by Headline Pictures, Scott Free Prods., Participant Media and Mark Sennet Prods. It is set to lense from March in Reykjavik, Iceland and Germany’s Studio Babelsberg from a script by Kevin Hood.

“The film will offer the viewer a unique look into two larger-than-life figures who served as the catalysts for one of the most defining moments in our history, the end of the Cold War,” said Scott Free prexy Ridley Scott.

HanWay Films handles international sales.

The European preem of Newell’s “Great Expectations” closes the 56th BFI London Film Festival on Sunday.

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