India, Nov. 4 -- The rights to the popular action series Rambo and The Expendables have been acquired by Lionsgate through a massive deal with Millennium Media, greatly increasing the studio's IP portfolio. John Rambo is the upcoming prequel and sixth installment of the legendary franchise, and the studio has verified rumours that Noah Centineo is in final negotiations to play the lead role.

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As part of the complex agreement, Millennium will retain production rights for any future Rambo television projects, while Lionsgate will have global distribution rights for John Rambo. In addition, the deal covers ...