Palin movie to be released nationwide

(CNN) The director of a pro-Sarah Palin movie plans to announce Friday that his film, "The Undefeated" will be released in theaters nationwide later this summer.

Director Steve Bannon announced the theatrical release to reporters who were invited to view a rough cut of the film Thursday. The movie will be shown first in select theaters in major U.S. cities before it's later distributed nationwide.

More details on the film's release are expected Friday.

News of the movie's planned debut for late this month in Iowa has stoked speculation that Palin is seriously considering a run for President.

Bannon says he began production on the film shortly after he was approached by Palin aides who were interested in shooting a mini-documentary on the former Alaska governor. The director says he turned down the aides' offer only to begin work on his own pro-Palin production. Bannon maintains he has had full control over the one million dollar project.

The movie, Bannon told reporters Thursday, will include never seen before home movies and pictures from Palin's childhood.

The theatrical version of "The Undefeated" will be rated PG-13, Bannon says. He added an un-cut version of the film eventually will be offered through streaming video venders such as Netflix.

Reporters who screened a rough cut version of "The Undefeated" got a sneak preview of the director's cut. It includes a lengthy opening montage of pointed R-rated insults aimed at Palin from celebrities like Howard Stern, David Letterman, and Rosanne Barr.

The movie features portions of the audio version of Palin's book, "Going Rogue," giving the sense that the former vice presidential candidate narrated the film. The picture also stars controversial conservative activist Andrew Breitbart and talk show host Mark Levin.

"She's really the beginning of the tea party movement," Levin says in the film, comparing Palin to Ronald Reagan.

The movie also strives to portray Palin as a non-partisan problem solver. "She found great success in the state of Alaska working with both Republicans and Democrats," says former Palin spokeswoman Meghan Stapleton in the film.

The movie only briefly touches on the ethics complaints filed against Palin when she was governor, blaming the inquiries on left-wing activists.

"All they cared about was Governor Palin's demise," Stapleton says.

Her former running mate, Arizona Senator John McCain does not have a major role in the film. Only archival footage and images of the 2008 presidential candidate are seen.

Bannon told reporters Thursday he won't be disappointed if Palin doesn't run. The filmmaker believes she will have an impact on the race whether she's a contender or not.

"She's going to have a voice in this. A big voice," Bannon said.