With Fantastic Fest in Austin, TX coming up in mere weeks, we’re going to be getting more and more info about the fest and the great programming offered during it. We’ve already been bringing you some info and now we’ve got a really cool bit of news to share with you today.

Acclaimed action master and director Yuen Woo-Ping will be honored by the fest with a Lifetime Achievement Award in recognition for his vast achievements in cinematic action and direction.With credits ranging from Crouching Tiger, Hidden Dragon, Drunken Master, Fist of Legend, Iron Monkey to Kill Bill Vol. 1 and II and The Matrix, Woo-Ping has proven time and again that he is, indeed, a master.

This is a well-deserved award indeed. For the full scoop on the award and all that’s associated with it, check out the full press release from the fine folks at Fantastic Fest.

FANTASTIC FEST HONORS DIRECTOR YUEN WOO-PING WITH
LIFETIME ACHIEVEMENT AWARD
The Lifetime Achievement Award Will Be Presented at the
Gala Screening of “True Legend”

Austin, TX—Tuesday, August 31, 2010— The 6th annual Fantastic Fest will honor director and master fight choreographer Yuen Woo-Ping with a Lifetime Achievement Award at the world premiere of his new martial arts fantasy True Legend, starring Vincent Zhao (Fong Sai Yuk, Dragon Gets Angry) Zhou Xun (The Emperor and the Assassin, Suzhou River) with Michelle Yeoh (Crouching Tiger, Hidden Dragon) and the late David Carradine (Kill Bill), on Saturday, September 25, 2010 at The Paramount Theatre in Austin, TX. The film will play as part of a double feature with Snake in the Eagle’s Shadow, Yuen Woo-Ping’s directorial debut and the film that put action legend Jackie Chan on the map. Fantastic Fest will play host to Yuen Woo-Ping’s first U.S. festival appearance.

If you’ve ever walked out of a movie theatre after watching a martial arts film and left your jaw on the floor, your eyes were probably dazzled by the fight choreography of filmmaker, Yuen Woo-Ping. Gods of kung fu — Jackie Chan, Stephen Chow, Jet Li, Donny Yen and Michelle Yeoh — have all had their impressive abilities molded into a cinematic language of fist-pounding aerial artistry at the hands of Yuen Woo-Ping. His work headlines the top fight sequence lists of all time from films like The Matrix trilogy, Kill Bill Vol. 1 & 2, Crouching Tiger, Hidden Dragon, Iron Monkey, Drunken Master, Once Upon a Time in China, Fist of Legend and Kung Fu Hustle.

For the longest time, the world of rap music and Kung Fu cinema were as separate as one would think they could be. A bridge was then formed by the popular group Wu-Tang Clan, and more specifically, The RZA.

Wu-Tang showed appreciation for all-things Kung Fu in their music, their wardrobe, and even their name, which derives from a fictional martial arts sect, known as the Wudang. They even produced a few Kung Fu-style music videos.

Later, The RZA teamed up with Quentin Tarantino to score his epic homage to Asian cinema in Kill Bill Vol. 1. That’s when RZA first got his taste of big-budget films. Since then, he has gone on to compose for other action films such as War, Smokin’ Aces and composing just about everything to do with Afro Samurai.

Now, RZA is stepping behind the camera, with two brand new projects. His first, entitled The Man with the Iron Fist, is said to be a brand new martial arts-action, starring RZA, and is set to shoot later this year. The other film, is an impressive looking send-up to classic Shaw Bros. films in Wu-Tang Vs. The Golden Phoenix.

There are some parts of the trailer that may come across as campy to the untrained eye, but rest assured that they are most definitely RZA’s way of paying homage to some classic Kung Fu films. Check out the trailer after the jump, and be sure to keep an eye out for Wu-Tang Vs. The Golden Phoenix, as it’s planning to be released later this year, as celebration for RZA’s 20th Anniversary in the music business.

Hot on the heels of his summer blockbuster Inglourious Basterds, Quentin Tarantino announced recently that he is planning on making a third Kill Bill film. According to Variety, Tarantino announced the sequel Saturday at the Morelia Film Festival, where he was promoting Basterds.

There, he said that there would be a ten year gap between Kill Bill Vol. 2 and Kill Bill Vol. 3 to give Uma Thurman’s character, “The Bride” and her daughter Beebe some well-deserved peace. This would slate the project for a 2014 release.

Before he turns bloody with the next Kill Bill film, Tarantino said he was “wide open” to what his next project would be. At a conference alongside Eli Roth, Tarantino talked about “re-imagining” of a number of film genres, including a Western or a 1920s “Pretty Boy Floyd” kind of gangster movie. Inglorious Basterds continues to perform at the box office, earning $1.4 million in its 7th weekend in theaters.

We’ll be sure to keep you posted here at The Flickcast on Tarantino’s upcoming projects and any other exciting movie news.

This weekend was a pretty big one for the box office, though only making just over $100 million with the top ten. This marked the biggest opening weekend for one of Hollywood’s most celebrated writer/directors in Quentin Tarantino, as his latest film Inglourious Basterds brought in an estimated $37 million in the domestic box office, while bringing in $27 million overseas.

This certainly goes down as the biggest opening weekend for Tarantino, with the runner ups being Kill BIll Volume 2 back in 2004 bringing in $25 million and 2003’s Kill BIll Volume 1 grossing $22 million in the opening weekend. While the former hit theaters over five years go, Tarantino’s 2007 film Grindhouse only brought in $11 million in the first weekend, and a total box office gross of $25 million.

Basterds not only marks Tarantino’s biggest opening weekend in the box office, but also the biggest production budget that he has worked with at $70 million. Grindhouse being his second biggest with $67 million, the film only grossed $25, which barely made a dent. Basterds, however, has already made an estimated $64 million, which means this film will be turning a profit in a matter of days.

Elsewhere in the box office, last week’s hit District 9 only had a 49% drop from $37 million to an estimated $19. G.I. Joe is still hanging on to the top three spot with $12.5 million, with The Time Traveler’s Wife and Julie and Julia following closely behind. Tarantino’s often-partner Robert Rodriguez’s film Shorts, did not–however–follow in his friend’s trend. The film opened with only $6.6 million.

According to the Associated Press, actor David Carradine, most known for his role of Caine in Kung Fu: The Legend Continues, was found in his Bangkok hotel room, hanged, and was believed to have committed suicide.

A spokesman for the U.S. Embassy, Michael Turner, confirmed the death of the 72-year-old actor. The Web site of the Thai newspaper The Nation cited unidentified police sources as saying Carradine was found Thursday hanged in his luxury hotel room. It said Carradine was in Bangkok to shoot a movie and had been staying at the hotel since Tuesday.

It said a preliminary police investigation found that he had hanged himself with a cord used with the room’s curtains. It cited police as saying he had been dead at least 12 hours and there was no sign that he had been assaulted.

A police officer at Bangkok’s Lumpini precinct station would not confirm the identity of the dead man to The Associated Press, but said the luxury Swissotel Nai Lert Park hotel had reported that a male guest killed himself there.

Carradine had been in and out of the spotlight for decades with the Kung Fu franchise and then when Quintin Tarantino approached him for the titular role in the Kill Bill films. Carradine also comes from a family of actors, son of legendary actor John Carradine, brother to Robert and Keith Carradine, and uncle to Martha Plimpton. He can be seen most recently in Crank 2: High Voltage.