Troma fans, what are your thoughts on this?

Unlike the newly announced Gremlins reboot, we’ve known that a Toxic Avenger remake has been in the works since 2010. Hot Tub Time Machine writer/director Steve Pink is set to script and helm the feature, and we just got word of the film’s first piece of casting news!

Arnold Schwarzenegger is currently in negotiations to play a lead role in the reboot. He would portray ‘The Exterminator’, a former black ops agent who teaches Toxie to use his powers for good. Nothing is finalized at this point, but based on the already-released press release (read it below), it looks as though this one is all but a done deal.

The Toxic Avenger is set to start production this Fall. Read the full press release below, and let us know who you’d like to see in the main role!

Los Angeles, CA (May, 2013) –Action superstarArnold Schwarzenegger (TERMINATOR series, TOTAL RECALL) is in negotiations to star in writer/director Steve Pink’s (HOT TUB TIME MACHINE 1 & 2) big budget action comedy THE TOXIC AVENGER produced by Akiva Goldsman (CONSTANTINE, I AM LEGEND, MR AND MRS SMITH), Richard Saperstein (HANCOCK, 1408, SE7EN), Charlie Corwin (HALF NELSON, THE SQUID AND THE WHALE), Stephen Kessler and Michael Benaroya (LAWLESS, MARGIN CALL). Lloyd Kaufman and Michael Herz will executive produce. The announcement was made today by International Film Trust’s (IFT) President Ariel Veneziano who will handle all international rights to the film alongside IFT’s Head of Sales Christian de Gallegos.
 
Set to be introduced to buyers at Cannes 2013, THE TOXIC AVENGER is currently in pre-production and scheduled to start principal photography this fall.
 
Loosely based on Lloyd Kaufman’s classic Troma franchise, THE TOXIC AVENGER is the tale of a high-school kid who gets dunked in a vat of toxic waste by a corrupt chemical company. He survives the ordeal with one major side effect: upon contact with toxic chemicals, he transforms into a monster with superhuman strength. Schwarzenegger would play “the Exterminator,” a former black ops agent, who trains Toxie to use his powers for good. Together they take on the lurking menace created by the polluters, and the polluters themselves.
 
“Moviegoers around the world were thrilled when Arnold Schwarzenegger returned to acting so effortlessly filling the gap that he left behind,” said producer and IFT co-founder Michael Benaroya. “He is the ultimate action hero with a natural comedic versatility and will be pitch perfect in The Toxic Avenger.”
 
“Our film is a perfect combination of commercial genre, star power and award winning filmmakers to set it apart from other titles on offer at Cannes this year. The Toxic Avenger is a blockbuster in waiting with franchise potential. The buyers will love it,” said IFT President Ariel Veneziano.
 
Arnold Schwarzenegger’s role in James Cameron’s THE TERMINATOR series solidified his place as one of the leading action hero actors with roles in blockbuster hits including PREDATOR, TOTAL RECALL, TERMINATOR 2: JUDGEMENT DAY and TRUE LIES. Proving to be a multi-talented performer, Schwarzenegger crossed over into comedic roles with box office hits TWINS opposite Danny DeVito and Ivan Reitman’s KINDERGARTEN COP. After taking an extended break to become the Governor of California, Schwarzenegger returned to acting in 2012 with THE EXPENDABLES 2, which grossed over $300 million worldwide. He will next be seen in Summit Entertainment’s ESCAPE PLAN and Open Road Films’ TEN. He is represented by CAA and Patrick Knapp at Bloom Hergott Diemer Rosenthal LaViolette Felmdman Schenkman & Goodman.

Source: Variety

So, by now it is more than likely that someone’s head has exploded over this news. But let’s take a second to take a breath before we panic guys. According to the industry tracking website It’s On The Grid, John Travolta is the first name attached to the Steve Pink (Hot Tub Time Machine) reboot of Llyod Kaufman’s The Toxic Avenger. While he could be playing the main character it’s completely possible he could be playing a villain. Let’s remember that Travolta does play a great villain in movies. The website does not actually specify the actors role in the movie but I am guessing that most internet goes are assuming he will be playing ol’ Toxie himself.

Director Steve Pink has been attached to the project since 2010, but we haven’t heard much about it up until today. The original and now cult classic The Toxic Avenger was a 1984 low budget flick released by Troma Studios that centered on a mop-wielding radioactive superhero who deals out violent justice to a bunch of polluters in Jersey. However, it is going to be quite some time until we actually see this movie being that Steve Pink has a few other projects on his plate already. We’ll be sure to keep you updated as more news breaks.

Source: It’s On Grid via TwitchFilm