Vin Diesel's One Race Films and The H Collective are teaming up for the fourth installment in the xXx film franchise.

According to a report from Variety, the pair of production companies has acquired the rights to the franchise from Revolution Studios. However, Revolution will hold on to the rights of the first three xXx movies.

'xXx' Returns For Fourth Film

Franchise star Diesel will act and produce in the upcoming movie, while Joe Roth, Jeff Kirschenbaum, and Samantha Vincent for One Race Films and the H Collective will all produce.

D.J. Caruso, who helmed the third film xXx: Return of Xander Cage, will return to direct.

Production for the upcoming film is expected to begin in December.

So far, there have been three films in the franchise including xXx (2002), xXx: State of the Union (2005), and xXx: Return of Xander Cage (2017). All three films have grossed almost $1 billion worldwide collectively.

The plot or cast of the new xXx have not been announced.

Previously, Caruso has talked about his vision for another installment in the franchise, saying that he's interested in exploring a conflict between the xXx team and various corrupt governments around the world.

"We also talked about, particularly with the political climate as it is now, not that we're such a hugely political movie, but Sam [Jackson] talks about how we need someone to watch the watchers," Caruso tells Cinema Blend in 2017. "So that's kind of the idea with the next one."

'xXx' In China

Deadline notes that the Return of Xander Cage found massive success outside the United States, particularly in China, where the bulk of the film's overseas profit came from. The film broke records in the country, becoming the biggest February three-day opening of a Hollywood movie.

In the Chinese market, the third xXx film raked in more than other heavy hitting Hollywood movies such as Spider-Man: Homecoming, Thor: Ragnarok, and Logan, Screen Rant reveals.

So it's no surprise that Chinese-backed The H Collective is happy to be part of the franchise.

"During my time at Paramount I was lucky to be involved in the development and distribution of xXx: Return of Xander Cage," Nic Crawley, CEO of The H Collective, says in a statement in Variety. "The response from the Chinese box office was unprecedented. Bringing the next installment of the xXx franchise to The H Collective complements our diversified slate and mission to produce content for a global audience."

The H Collective also has a management division, handling talents that include Chinese stars Li Bingbing and Karry Wang. The company also has an exclusive partnership with China-based entertainment conglomerate Beijing Culture.