Some good news for those who thought chances of a new "Conan" headed up by Schwarzenegger, writer/director John Milius, producers Larry and Andy Wachowski and
studio Warner Brothers were as good as dead with last weeks annoucement that they’d lost the rights to make a third film. According to Film Force, Conan Properties, Inc. has reached an agreement with Warner Brothers allowing the studio to renew their option on the Conan characters. No word whether Arnie is still involved though.