This film, of course, is Conan the Barbarian (1982) directed by John Milius and written by Milius and Oliver Stone.
Two examples of low-budget films that were excellent efforts even with very low budgets include Highlander (1986) and The Wicker Man (1973) both of which were well-received by the community of readers of their respective genre..
So when I heard that Dino and Raffaela de Laurentis were planning a production of Conan I had no particular expectation that they had anything very authentic in mind. And when it came out, I heard a lot of criticism from reviewers. But that was a mistake on my part, because how could mainstream reviewers hope to understand a movie based on Robert Howard's work?
And there are many superficial corny elements in this movie. But this is Conan, he beats people over the head with a sword and defeats exotic and beautiful witches after sleeping with them, and when appropriate he burns down temples and yet he never forgets where he came from and that he swore vengeance.
The film was shot in Spain with mostly unknown actors with the exception of James Earl Jones as the major bad guy, and Max von Sydow in a cameo as a distressed King and father. Arnold is in his first movie here, and he starts out a little stiff but he gets better as the film goes along. You can see him improve. And it works.