Conan 3 still in development hell.

[Alex]

As much as I'd love to see a third movie in the franchise, I think it is time to give this one up.

Conan the Barbarian actor Arnold Schwarzenegger gave an update on what's going on with the franchise. In a sit-down with The Hollywood Reporter, the star explained how things remain up in the air with a movie or series around he iconic character. For starters, Fredrik Malmberg owns the rights to Conan the Barbarian. That's a pretty big hurdle to getting another movie off the ground. He has to say yes to any treatments and give his blessing. But, also, Malmberg has an agreement with Netflix that has to be navigated as well. All these factors come into play before even getting Schwarzenegger on board for whatever they have planned. But, he does have some optimism around Conan these days.

"It's been pending for the last 10 years. [Fredrik] Malmberg owns the rights. He comes to me and says, "Oh, I have a deal with Netflix," and when we ask Netflix, they don't know anything about it. It's one of those crazy things," Schwarzenegger said. "I hope he figures it out. I think you do it like Unforgiven, where you play the age. There's a great script out there that John Milius wrote, and others have written one. The story is there. There are directors who want to do it. But he has the rights, and until he sells the rights for one or two movies, or for the franchise, there's nothing you can do about it."