Lionsgate Does Deal With Millennium for ‘Rambo,’ ‘The Expendables’ Rights

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Lionsgate Does Deal With Millennium for ‘Rambo,’ ‘The Expendables’ Rights
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The wide-ranging deal out of AFM gives Lionsgate global distribution rights to 'Rambo' prequel 'John Rambo', set to star Noah Centineo, as well as future 'Expendables' projects.

) in final negotiations to star in the role made famous by Sylvester Stallone in the 1980s. Production is expected to begin in Thailand next year.movies in North America, as well as the first three installments in the franchise across Latin America and Southeast Asia.

“This deal expands Lionsgate’s portfolio of genre-defining action franchises and reinforces our commitment to delivering world-class IP across multiple platforms,” said Lionsgate COO Brian Goldsmith in a statement. Jonathan Yunger, president of Millennium Media, called the agreement “a partnership that gives these franchises the scale, creative support, and global reach they deserve.” The transaction represents a significant strategic realignment for Millennium Media, which built its reputation — and much of its revenue base — on action-driven, mid-budget franchises including. Founded in 1992 by Avi Lerner as Nu Image, the company is one of the last major independent production outfits still financing and producing large-scale, star-driven genre films outside the studio system. But Millennium has faced mounting competition and consolidation pressures as major studios and streamers have absorbed much of the global action market, and theatrical returns for old-school action movies have become less reliable. is the only Rambo film not to gross more than $100 million worldwide. The decision to transfer creative and distribution control of two of its signature titles to Lionsgate suggests a potential pivot for the independent producer.Tallinn Black Nights Film Festival. We use vendors that may also process your information to help provide our services. // This site is protected by reCAPTCHA Enterprise and the GoogleThe Hollywood Reporter is a part of Penske Media Corporation. © 2025 The Hollywood Reporter, LLC. All Rights Reserved.

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