Sylvester Stallone Returning for ‘Cliffhanger’ Reboot, Ric Roman Waugh Directing

Sylvester Stallone is back for more high-altitude excitement.

The Rocky and Rambo star will reprise his iconic role as Gabe Walker, Search-and-Rescue mountain climberand foiler of terrorists, in the reboot of 1993sCliffhanger.Ric Roman Waugh, the filmmaker behind Angel Has Fallen and Greenland, is set to direct the action thriller, with this return to thin air courtesy of a script by Mark Bianculli (Hunters).

Fast and Furious producer Neal H. Moritzs Original Film will produce with Rocket Science and Stallone and Braden Aftergoods Balboa Productions. It sounds like Stallone will get some help summiting the mountain this time, because the production says that casting is currently underway for a lead to headline the films ensemble cast.

Rocket Science will handle foreign sales in Cannes this month. CAA Media will represent North American and Chinese rights. Cliffhanger was one of the biggest hits of Stallones career, earning $255 million when it opened and revitalizing his career after a series of flops such as Stop! Or My Mom Will Shoot and Oscar.

Growing up with the biggest action films of the 80s and 90s, working on many of them myself, Cliffhangerwas by far one of my favorite spectacles, Waugh said. To be at the helm of the next chapter, scaling the Italian Alps with the legend himself, Sylvester Stallone, is a dream come true. Its going to be a great challenge and blast taking this franchise to new heights, a responsibility I dont take lightly.

Moritz commented:Ill never forget the thrill I felt watching Sylvester Stallone inCliffhanger. I am incredibly excited to be working with him and Ric Waugh to continue the story of Gabe Walker and introduce this iconic story to a new generation of filmgoers around the world.

Stallone is currently appearing on Paramounts Tulsa King.He can next be seen in this weeksGuardians of the Galaxy Vol. 3 andThe Expendables 4 this fall.

Waugh is repped by Range Media Partners. Stallone and Balboa Productions are represented by CAA.