The Running Man

The Running Man is a 1987 American dystopian science-fiction action film directed by Paul Michael Glaser and loosely adapted from Stephen King's 1982 novel of the same name (written under the Richard Bachman pseudonym). Arnold Schwarzenegger stars as wrongly-convicted former police officer Ben Richards, forced to compete on a brutal televised gladiatorial game show in which "runners" are hunted to the death by costumed "stalkers" for the entertainment of a totalitarian future America (Wikipedia)