Nellie Andreeva

Entertainment One has teamed with with Avi Lerner and his Nu Image to develop and produce a television series based on the hugely successful Rambo feature franchise. According to the companies, Sylvester Stallone is in negotiations to be involved with the project on a creative level as well as potentially reprise his role as the original Rambo. EOne and Nu Image plan to develop the series and shop it to broadcasters in the U.S. and internationally.

Based on the David Morrell novel First Blood, the Rambo films center on a troubled Vietnam War veteran and former Green Beret (Stallone) who is skilled in many aspects of survival, weaponry, hand-to-hand combat and guerrilla warfare. The franchise consists of the films First Blood, Rambo: First Blood Part II, Rambo III and Rambo. “Rambo fans cover all demographics and we’re confident that we’ll quickly find this series a home,” said eOne TV CEO John Morayniss. Added Lerner, “I’m excited by the prospect of collaborating again with my good friend Sly for an encore in this next phase of the Rambo legacy.” Lerner and Stallone worked together on the 2008 Rambo feature and had planned a fifth installment, which had been put on hold. The two also are collaborating on the Expendables film franchise, currently filming its third installment in Bulgaria. The Rambo TV series will be produced by eOne in association with Lerner and Nu Image, with Morayniss and Lerner executive producing and eOne handling worldwide rights in all media.

TV Editor Nellie Andreeva - tip her here.

For all of Deadline's headlines, follow us @Deadline on Twitter.