TheBoost said:

An animated feature based on this story, Conan: Red Nails, is currently in production. Actor Ron Perlman will provide the voice of Conan. Tolkemec is voiced by Mark Hamill in this version. However, there have been no updates to the film's website ^[19] since December 2007. IMDB currently lists the film for release in 2010.

How does this happen? Does somebody get enough capital to record dialogue and open a website, then just hope they get more money?

I hadn't realized how many YEARS it's been since I first heard about this movie being 'made.'

Pity.

I doubt they even recorded any dialogue. I did not like the animation style they were using anyway so I'm not disappointed that this has been (presumably) cancelled.

The only way to make Conan properly would be to use the same guys who made the Ninja Scroll anime, or get Milius back to make a live action HBO series (even if Milius kept his alternate universe Conan as seen in the 1982 movie).