03/28/2008 02:45 am ET | Updated May 25, 2011

Sylvester Stallone Lands Two-Picture Deal

Boxoffice comeback champ Sylvester Stallone has inked a lucrative deal to direct and star in two action films with "Rambo" producers Danny Dimbort,

Several scripts are being considered for follow-ups to his surprise hit sequels to "First Blood" and "Rocky." With Nu Image/Millennium's new Writers Guild of America interim deal speeding up the process, the first script is expected to be ready by the fall, with production set to begin shortly thereafter.

"The past year and a half of working with Avi, his partners Danny and Trevor and his film family has been nothing but a high point for me and my career and an extremely rewarding experience," Stallone said. "Avi is a real gentleman and a man of his word."

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