While the downsizing of Carolco Pictures continues, with the indie shedding projects, Carolco is actually closing on a deal to buy a project that could only serve as a sequel to a film that helped fuel its growth.

Let’s see if you can guess which one it is. The script is “Blood Ties,” a spec actioner written by Nick Koff and Lee Ford Parker, with producers Anthony Elliott and Bill Warren also attached. The price is a small sum against a high-six figure purchase price. The plot? A reclusive Vietnam vet finds himself stalked by a mysterious assassin. Unknown to either is the fact that the assassin is the vet’s son.

While the temptation might be to retitle it “Rambo IV: First Born” and get Sylvester Stallone on the phone, sources say it’s unlikely the script will go into production anytime soon. There’s not even a sniff of a deal with Stallone, who’s now in the $20 million per pic range.

Neither the writers’ attorney, Carlos Goodman of Lichter, Grossman & Nichols, nor their manager, Robert Majeski, would comment.

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