Berlin: Download THR's Day 2 Daily

The fest's second daily issue includes a look at Global Road's plans to spend $1 billion on film production, a buzzy new action-comedy for Arnold Schwarzenegger, and a chat with first-time director Rupert Everett.

The Hollywood Reporter has released its second Berlin International Film Festival daily issue, which features an inside look at Global Road's ambitious three-year plan to invest in film production; Arnold Schwarzenegger's new project with Michael Fassbender and David Hasselhoff, Kung Fury; and an interview with veteran Brit actor Rupert Everett, who talks to THR about his directorial debut, The Happy Prince.

A $1 Billion War Chest

Donald Tang’s fast-growing mini-studio Global Road Entertainment has set out a big marker at the fest, announcing it anticipates spending in the $1 billion range on film production over the next three years. The plans were shared by Global Road’s Entertainment Division CEO Rob Friedman, president of international Rodolphe Buet and Jack Pan, president of worldwide marketing at a presentation in Berlin Thursday for international distributors and buyers. In an interview with THR ahead of Berlin, Friedman further describes the studio's plans.

Schwarzenegger for President

In what sounds like a match made in '80s heaven, Schwarzenegger has joined the cast of Kung Fury, the feature-length follow-up to the cult 2015 short. THR understands that the Terminator, Predator and Total Recall icon (and former California governor) will play the American president in David Sandberg's action-comedy, set to shoot in Europe and in the U.S. this summer. He joins fellow '80s hero David Hasselhoff and Oscar-nominated actor Michael Fassbender, who were announced earlier this week. Read more about the project here.

"Wilde Is the Beginning of the Gay Movement"

It’s taken Everett nearly a decade to bring The Happy Prince to the screen. In addition to starring as Wilde in the story of the writer’s final years, Everett wrote and, in his directorial debut, helmed the $13 million drama, which picks up where most Wilde biopics end: with the literary legend’s conviction to two years of hard labor for “sodomy and gross indecency,” followed by his self-imposed exile in bitter poverty to Italy and France. "The LGBT movement very much starts with Wilde. I think it’s incredibly pertinent," Everett tells THR

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