In the beginning of the film Rocky Balboa is still feeling depressed after the death of his wife. He is feeling very down and just lives a quiet life. Unlike the previous installment his financial situation is good and he is healthy. At the same time his son is a working professional in Philadelphia but is a bit at odds with his father due to being liked and favored mostly due to his father's fame and legacy. One day Rocky is watching television and ESPN does a simulation on how different boxers would do if they faced the current heavyweight champion named Dixon in their prime. When it comes to Rocky himself, it is revealed that he would defeat Dixon. Since he wasn't able to end his boxing career on his own terms, he decides to fight Dixon and see what he has left. During the course of the movie a lot of hype in the press surrounds Dixon after he wins his latest match and finds out about a possible match with Rocky. Dixon accepts the challenge and the two boxers train for the fight. While Rocky is training for the fight he gets his relationship with his son back on better terms. At the time of the fight many people are shocked and amazed at Rocky returning to the ring but nobody expects him to win. However he surprises everyone by fighting very hard and giving Dixon a very tough match. At certain times in the fight Rocky seemed to have the upper hand. However in the end, Dixon defeats Rocky by decision. Despite the loss, Rocky is congratulated by the fans and receives a standing ovation.