Aung Nay Myo, 37, was taken from his house in Monywa town, central Sagaing region on Friday morning.
He was later taken to local prison and charged under an emergency provision that forbids vilifying the government or military and carries up to seven years in jail.
The faces of the actors had been replaced by key government and military officials including current army chief Min Aung Hlaing, parliament speaker Shwe Mann, information minister Ye Htut and hardline Buddhist-nationalist monk Wirathu.
Myanmar army units are currently engaged in fierce fighting with predominantly ethnic Kokang rebels that has killed dozens in the past fortnight and sent tens of thousands fleeing.
The fighting is taking place in the same region the movie poster references.