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An article announcing the arrival of Alli Shearmur and Mike Paseornek as production co-presidents has shown that the movie has been given the go-ahead.
"On the development horizon are Warrior, which Gavin O'Connor co-wrote and will direct; Conan, a fast-tracked project with multiple scripts in the works; Severance Package, with Brett Simon writing and directing; Rambo V, to be written and directed by Sylvester Stallone," it read.