Sylvester Stallone is reaching back to his glory days, and companies are lining up to relive the memories.

As rumors still persist that the actor will resurrect the “Rambo” franchise, Columbia, Revolution Studios and MGM are teaming to co-produce and co-finance “Rocky Balboa,” the sixth film in the “Rocky” series. Stallone will reprise his role as Philadelphia working-class hero and former champ Rocky Balboa.He will also write and direct.

“We’ll try to capture the essence of the first couple of films,”Stallone told Daily Variety.

Stallone said the story has the aging, widowed Rocky initially refusing a chance to get back in the ring. “There’s a computer fight between the reigning world champion and Balboa, and Balboa wins,” he said. “The champion’s management says let’s do this for real, for charity. Rocky says no but decides to be true to himself even though he’s going to be berated by everyone. Just to compete, not to win.”

Stallone said former heavyweight champion Roy Jones Jr. is in talks to play Rocky’s opponent, Mason Dixon. The rest of the cast will likely be unknowns, he said.

Filed Under:

Follow @Variety on Twitter for breaking news, reviews and more