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4-Traders Homepage  >  Equities  >  Nyse  >  World Wrestling Entertainment, Inc.    WWE

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World Wrestling Entertainment, Inc. : WWE® Studios and Blumhouse Productions Form Partnership for the Thriller "INCARNATE"

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11/25/2013 | 06:35pm CET

WWE Studios (NYSE:WWE) and Blumhouse Productions announced today a partnership on INCARNATE, the micro-budget thriller from Blumhouse directed by Brad Peyton (JOURNEY 2: THE MYSTERIOUS ISLAND), scripted by Ronnie Christensen (DARK TIDE) and starring Aaron Eckhart. WWE Superstar® Mark Henry has been cast in a cameo role, and WWE Studios will leverage its extensive multi-platform reach for the film.

Jason Blum (Paranormal Activity, Insidious, The Purge and Sinister franchises) is producing the film for Blumhouse which is co-financing the production with IM Global. Michael Luisi, WWE Studios President, is Executive Producing alongside Couper Samuelson, Michael Seitzman, Trevor Engelson, Stuart Ford and Charles Layton. Universal Pictures will distribute the film in the U.S. and Blumhouse International is overseeing foreign rights.

INCARNATE stars Aaron Eckhart as an unconventional exorcist who taps into the subconscious of a nine-year old boy played by David Mazouz who is possessed by a powerful, ancient demon. The film is currently shooting.

"WWE Studios is thrilled to partner again with Blumhouse on INCARNATE," said Michael Luisi, President of WWE Studios.

Jason Blum said: "WWE has a tremendous brand and we are excited to work with them on INCARNATE."

Bradley Buchanan, SVP of Business Affairs, negotiated the deal on behalf of WWE Studios

ABOUT BLUMHOUSE PRODUCTIONS

Blumhouse Productions, founded by Jason Blum, is a multi-media production company that has pioneered a new model of studio filmmaking- producing high-quality micro-budget films for wide release. Since its launch, Blumhouse has produced more than 30 feature films including the highly profitable Paranormal Activity, The Purge, Insidious and Sinister franchises. Blumhouse's The Purge, its first production under its first-look deal with Universal Pictures, opened to more than $34 million on its opening weekend of June 7, with a budget of just $3 million. Insidious: Chapter Two from FilmDistrict, grossed $41.05 million on its opening weekend of September 13th with just a $5m budget. Blumhouse's upcoming micro-budget wide releases include Paranormal Activity: The Marked Ones for Paramount and Jessabelle for Lionsgate. In addition, Blumhouse is working on both scripted and non-scripted projects in television. Blumhouse executive produced Stranded for SyFy and The River for ABC, and is also working on projects with HBO and MTV.

About WWE Studios

WWE Studios produces a diverse slate of feature films for theatrical and direct to home release through distribution partnerships with global entertainment companies. The WWE's film division led by President, Michael Luisi, is headquartered in Santa Monica, CA and continues to create content for audiences of all ages. Most recent films produced by the studio include The Call with Halle Berry and WWE Superstar David Otunga®, Dead Man Down with Colin Farrell and WWE Superstar Wade Barrett®, The Marine 3: Homefront with WWE Superstar The Miz® in the third follow-up in the explosive Marine adventures,12 Rounds 2: Reloaded, the second installment in the action franchise, starring WWE Superstar Randy Orton®, and No One Lives, which was co-produced with Pathé Films and released theatrically by Anchor Bay Films after debuting at Midnight Madness at the 2012 Toronto International Film Festival, starring Luke Evans and WWE Superstar Brodus Clay TM. Upcoming films for WWE Studios include Christmas Bounty, an action comedy starring WWE Superstar The Miz and Francia Raisa, premiering on ABC Family November 26, 2013 and releasing on Blu-Ray/DVD on December 3, 2013 by Warner Bros. Home Entertainment; Scooby Doo WrestleMania Mystery which pairs WWE Superstars with Scooby and the gang releasing direct to home March 25, 2014 by Warner Bros. Home Entertainment; Leprechaun: Origins directed by Zach Lipovsky starring WWE Superstar Hornswoggle® will be distributed by Lionsgate in August 2014; See No Evil 2 starring WWE Superstar Kane® directed by the Soska Sisters will also be distributed by Lionsgate in October 2014; The Fall Guy starring Dwayne "The Rock" Johnson releasing in 2015, and The Flintstones another Warner Brothers Animation feature releasing in early 2015 by Warner Bros. Home Entertainment which joins Fred, Barney and the whole Bedrock gang with stone age versions of WWE Superstars and Divas.

About WWE

WWE, a publicly traded company (NYSE: WWE), is an integrated media organization and recognized leader in global entertainment. The company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. WWE is committed to family-friendly entertainment on its television programming, pay-per-view, digital media and publishing platforms. WWE programming is broadcast in more than 150 countries and 30 languages and reaches more than 650 million homes worldwide. The company is headquartered in Stamford, Conn., with offices in New York, Los Angeles, Miami, London, Mumbai, Shanghai, Singapore, Istanbul and Tokyo. Additional information on WWE (NYSE: WWE) can be found at wwe.com and corporate.wwe.com. For information on our global activities, go to http://www.wwe.com/worldwide/.

Trademarks: All WWE programming, talent names, images, likenesses, slogans, wrestling moves, trademarks, logos and copyrights are the exclusive property of WWE and its subsidiaries. All other trademarks, logos and copyrights are the property of their respective owners.

Forward-Looking Statements: This press release contains forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995, which are subject to various risks and uncertainties. These risks and uncertainties include, without limitation, risks relating to maintaining and renewing key agreements, including television and pay-per-view programming distribution agreements; the need for continually developing creative and entertaining programming; the continued importance of key performers and the services of Vincent McMahon; the conditions of the markets in which we compete and acceptance of the Company's brands, media and merchandise within those markets; our exposure to bad debt risk; uncertainties relating to regulatory and litigation matters; risks resulting from the highly competitive nature of our markets; uncertainties associated with international markets; the importance of protecting our intellectual property and complying with the intellectual property rights of others; risks associated with producing and travelling to and from our large live events, both domestically and internationally; the risk of accidents or injuries during our physically demanding events; risks relating to our film business; risks relating to increasing content production for distribution on various platforms, including the potential creation of a WWE Network; risks relating to our computer systems and online operations; risks relating to the large number of shares of common stock controlled by members of the McMahon family and the possibility of the sale of their stock by the McMahons or the perception of the possibility of such sales; the relatively small public float of our stock; and other risks and factors set forth from time to time in Company filings with the Securities and Exchange Commission. Actual results could differ materially from those currently expected or anticipated. In addition, our dividend is dependent on a number of factors, including, among other things, our liquidity and historical and projected cash flow, strategic plan (including alternative uses of capital), our financial results and condition, contractual and legal restrictions on the payment of dividends, general economic and competitive conditions and such other factors as our Board of Directors may consider relevant.

WWE Studios
Julie Tustin, 203-352-1009
julie.tustin@wwecorp.com
or
Blumhouse Productions
Josh Raffel / Hiltzik Strategies
212-430-5050
jraffel@hstrategies.com


© Business Wire 2013
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