Schwarzenegger is set to voice the character in the animated television show and the animated film (which will be in 3D and set for release in 2013). Although it has not been confirmed that the movie will be animated, it has been implied that it will be. Regarding future live action films, Schwarzenegger is said to be looking over scripts at the moment and plans to pick a project soon.
Thanks for reading! I will be posting more soon so be sure to check back often!