Dolph also said he's looking at other scripts- who knows, one of them might be Terminator 4
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I like the idea of Dolph doing a bare knuckle boxing film set in Rio, sounds excellent. If it's gonna be one of Dolph's non-directing gigs, then he should get Walter Hill. An action specialist, and experienced director who can help Dolph on the acting side.
Icarus should be superb though, written and directed by Dolph, and having him as the bad guy again. Sounds like one of the rumoured projects he had pre-MM. My only concern, is that the film can only work if there's a star as big, or bigger than Dolph, in the lead. It has to be a known actor really, unless they unearth some new star who's a really good actor (unlikely in that budget range and studio type). Also as much as I'd like an action star to take the lead opposite Dolph, the movie might work better if they get an "actor" to play the role. Guys like Rutger Hauer, Brad Dourif, Eric Roberts, or some younger equivilants, could add weight to the roles. Though JCVD and Wesley Snipes would be good compromises.