IGN Filmforce reports that writer/director John Milius has received financing for King Conan: Crown of Iron.
Milius is currently in Turkey where he has secured full funding for King Conan. If that's the case, that would mean Warner Brothers would only have to distribute the film rather than finance it.
Milius is said to be scouting locations in Turkey for filming and that Arnold Schwarzenegger may still be involved with the project.
Thanks to 'Stax' for the heads up.
Source: IGN Filmforce