Deadline: Arnold Schwarzenegger is set to star in Black Sands, an action film that will be directed by Scott Waugh and Mike McCoy. Financed by Bill Block’s QED, the film will begin production April 1, 2012. In the Skip Woods-scripted film, Schwarzenegger will play a loner who wages war against a ruthless weapons manufacturer and his private army in the Southwest. The tone is Man On Fire meets High Plains Drifter. Block will be selling worldwide territories starting today.