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WWE Studios (NYSE:WWE) and Twentieth Century Fox Home Entertainment (TCFHE) today announced that they have partnered to produce, finance and market three DVD premiere titles beginning with
The Marine: Homefront, the next installment in the successful
The Marine franchise. Twentieth Century Fox Home Entertainment will handle worldwide distribution for the three pictures on Blu-ray, DVD, VOD and digital download. WWE will utilize its extensive global reach of more than half a billion homes through its television, digital/social media and print assets to market the release of each film.
“WWE Studios will continue to expand its film offerings to appeal to a wide range of movie fans in 2012 and 2013,” said WWE Studios President, Michael Luisi. “We look forward to building upon our relationship with Twentieth Century Fox Home Entertainment to present movies that bring action, adventure and humor to audiences all over the globe.”
“WWE is a tremendous organization supported by a world class marketing machine,” said Mike Dunn, President, Twentieth Century Fox Home Entertainment. “We are proud to continue our partnership with Michael and his team.”
The deal cements a long standing relationship between WWE Studios and Twentieth Century Fox which dates back to the theatrical releases of
The Marine and
12 Rounds both starring WWE Superstar John Cena®, as well as the DVD premiere of
The Marine 2 and
Behind Enemy Lines: Colombia.About WWE Studios
WWE Studios continues to strategically diversify its slate of films, which include theatrical releases and direct-to-home premieres, under the guidance of President Michael Luisi. Upcoming films for WWE Studios includes:
No One Lives starring Luke Evans and WWE Superstar Brodus Clay which was co-produced with Pathé Films;
Barricade starring Eric McCormack; and cult hit
The Day starring Dominic Monaghan, Shawn Ashmore, and Ashley Bell, which was purchased at the Toronto Film Festival this past year. Next up for WWE Studios is
Bending the Rules starring Jamie Kennedy and WWE Superstar Edge®. The buddy action comedy will hit theaters on March 9, 2012.
About WWEWWE, 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 145 countries and 30 languages and reaches more than 500 million homes worldwide. The company is headquartered in Stamford, Conn., with offices in New York, Los Angeles, London, Mumbai, Shanghai, Singapore, Istanbul and Tokyo.
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Forward-Looking Statements: This news 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 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 and any new business initiative which we may undertake; 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.