Sly gloves up for "Rocky 6"

After years of rumour and speculation, "Rocky 6" is on the way, according to The Hollywood Reporter. MGM is nearing a final deal with Sylvester Stallone to write, star in and produce an ‘independent’ like addition to the series. The new film is expected to carry a low budget in the $10 – 15 million range.
The storyline 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.