Christoph Waltz will play former Soviet leader Mikhail Gorbachev in Reykjavik, Mike Newell’s upcoming film about the 1986 meeting between Gorbachev and Ronald Reagan that signaled the end of the Cold War. Michael Douglas is playing Reagan. Headline Pictures, Scott Free Productions, Participant Media and Mark Sennet Productions are producing with a March 2013 start set in Iceland and at Germany’s Studio Babelsberg. Becoming Jane’s Kevin Hood wrote the screenplay. HanWay Films is handling international sales. Jere Sullivan, vice chairman of International Public Affairs for communications firm Edelman, and foreign policy expert Ken Adelman, who was part of the negotiating team for Reagan at the Reykjavik Summit, are on board as exec producers.