It looks like the David Sandberg directed Kung Fury 2, a sequel to the crowded funded 30-minute short film released on YouTube to 40 million views, is set to officially move forward after securing a major investor to fund the project.

According to The Hollywood Reporter, Creasun Entertainment USA, a recently launched financing and production company based out of Los Angeles, has purchased a majority stake in Kung Fury 2, in addition to coming on board as a producer. Argent Pictures is set to co-finance and co-produce. Production is now scheduled to begin on July 29. George Acogny of Creasun had this to say about it in a statement.

“Kung Fury 2 is the very exciting vision of David Sandberg, and it contains all the elements of a magical and fun ride for all ages. We are thrilled to be part of this great project and can’t wait to share it with the whole world, where it will no doubt create excitement across the globe!”

Kung Fury creator and star David Sandberg will begin production on the long-anticipated sequel on July 29th, with filming set to take place in Bulgaria and Germany. In addition, Sandberg is co-producing and co-wrote the script with Child’s Play reboot screenwriter Tyler Burton Smith.

Kung Fury 2 is also set to star Michael Fassbender, David Hasselhoff, Arnold Schwarzenegger, and Eiza González. There is no release date scheduled for the film as of yet.

Source: The Hollywood Reporter