According to the press release announcing Stallone's return as Rocky, the new film is "the next story in the saga of Philadelphia boxer Rocky Balboa, one of Hollywood's most beloved characters. In the film, Rocky has long since retired but is drawn back to the boxing ring one last time. On the way he is challenged by a powerful new champion, by personal tragedy and ultimately by himself." Stallone said, "'Rocky Balboa' is about everybody who feels they want to participate in the race of life, rather than be a bystander. You're never too old to climb a mountain, if that's your desire."
"In many ways, the screenplay really took me back to the original 'Rocky,'" said Revolution Studios founder Joe Roth. "As a past champion, Rocky Balboa is once again a regular guy who has to find himself and deal with real life. This film brings Rocky's story full-circle."
Filming is expected to begin in early 2006. Charles Winkler, William Chartoff and David Winkler will produce the film with Robert Chartoff and Irwin Winkler serving as executive producers.