Lionsgate has struck a major deal covering both the “ Rambo ” and “ The Expendables ” action franchises with Millennium Media.

Under the terms, the studio has acquire the rights to develop and produce “all derivative works, including future film and television productions,” of “The Expendables” franchise, as well as worldwide distribution rights to “John Rambo,” the upcoming sixth installment of the Rambo film series.

The agreement also makes Lionsgate lead studio and production partner with Millennium on all future “Rambo” television projects moving forward and includes the opportunity for the studio to participate in future “Rambo” films. In addition, Lionsgate now holds the rights to develop derivative works based on “The Expendables,” including “films and television series, vide

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