MOVIES - Jan. 24, 1989

Sylvester Stallone will star in another “Rocky” sequel for United Artists, but there ends Stallone’s relationship with the troubled studio that recently was put up for sale. On Monday, Stallone announced that he was transferring a production deal with his White Eagle Enterprises from UA to Tri-Star, the studio that distributes Stallone’s “Rambo” films. Three years ago amid much fanfare, White Eagle signed a six-year, 10-picture deal with UA, but not a single film came out of it. The first planned project, an untitled drama in which Stallone stars as a prison convict, will now be produced for Tri-Star this spring. Under the new deal, Stallone must star in at least five films but is otherwise free to choose his own projects. “That’s the beauty of the deal for Stallone,” said Tri-Star President David Matalon. Carolco, which produces the “Rambo” films, gains worldwide TV rights as well as video and foreign theatrical rights, to all White Eagle productions.