Variety’s sibling publication, Deadline Hollywood, broke the news that has Fredrik Malmberg, Chief Executive Officer of Paradox Entertainment, the Conan rights holder and Chris Morgan.
Plot details are being kept under wraps.
The original pic, “Conan: The Barbarian” launched Schwarzenegger’s career and led to the sequel “Conan: the Destroyer.”
Co-President of Production, Jeff Kirschenbaum will oversee the project for the studio.
The CAA repped Schwarzenegger can be seen next in Lionsgate’s “The Last Stand” which bows Jan. 18.