The script for the reboot was written by Mark Bianculli , a writer-consulting producer on Amazon series Hunters. Neal H. Moritz’s Original Film, along with Stallone and Braden Aftergood’s Balboa Productions and production and sales outfit Rocket Science, will produce the movie.
Rocket Science will launch sales at this month’s Cannes film market, while CAA Media will represent North American and Chinese rights.
The 1993 movie was directed by Renny Harlin and despite a brutal production that almost bankrupted the lead production company, Carolco , it was a hit.
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The film featured Stallone as Walker, a man haunted by a failed rescue mission, who gets called up for another mission only to discover it is a fake distress call by international thieves attempting to retrieve their stolen loot.
The reboot will be produced by Moritz and Toby Jaffe for Original Film, Stallone and Thorsten Schumacher with partner Lars Sylvest for Rocket Science, who will also finance. Executive producers include Waugh, Ana Lily Amirpour , Chance Wright, Gianluca Chakra and Hisham Alghanim .
“To be at the helm of the next chapter, scaling the Italian Alps with the legend himself, Sylvester Stallone, is a dream come true,” said Waugh in a statement. “It’s going to be a great challenge and blast taking this franchise to new heights, a responsibility I don’t take lightly.”
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Waugh is represented by Range Media Partners while Stallone is represented by CAA. With a talented team behind the reboot, fans of the original Cliffhanger can look forward to an exciting and adventurous movie experience