The film will be scripted by Frank Baldwin, who is currently penning the Warriors TV adaptation with the Russo Brothers and the upcoming crime biopic The Godmother starring Catalina Sandino Moreno (Maria Full of Grace).
He will next be reprising his role as Adonis “Donnie” Johnson Creed in the upcoming sequel Creed II, which is set to hit theaters on November 21.
“We could not be more excited to work with Michael and Lionsgate,” Rungta said.
Lionsgate seeks to turn the novel adaptation into a potential franchise.