Sylvester Stallone has launched Balboa Productions, a new company where he’ll hatch film and TV projects. He’s set the first timely pic at MGM on Jack Johnson, the first African American heavyweight champion. Stallone is currently in the ring with MGM, reprising Rocky Balboa alongside Michael B. Jordan in Creed 2. Stallone was instrumental in obtaining a rare and historic Presidential Pardon for Johnson who was convicted of violating the Mann Act in 1910. This was at the height of the Jim Crow era, an all-white jury convicted Johnson under the Mann Act of transporting a white woman with whom he was involved in a relationship across state lines. Stallone, as well as Sen. John McCain, and Ken Burns were among those who had advocated for a pardon for Johnson, who died in 1946 and whose conviction became a prominent story of racism in the judicial system. He served 10 months in prison.