Rocky Balboa is going to be back.

The story line for "Rocky VI" would find Stallone as a 50-year-old Rocky Balboa who is now at work running a youth center. He is lured out of retirement from the ring for one last fight. Stallone would produce along with the franchise's producers, Irwin Winkler and Robert Chartoff. At MGM, the project is being shepherded by president Michael Nathanson.

It's a whole new entertainment world. With DVD's and video games, production companies can still money as long as they keep the costs of the original film down. Rocky VI is will work with a budget range of $10 to $15 million.