Partnership to Develop and Produce Elevated Branded Content
WWE Studios has entered into a multi-picture deal with Wesley Snipes, and his Maandi Media DMM production banner, to develop and produce elevated branded content. The recently announced film, TEMPLE, staring Snipes, Anne Heche, Dave Annable and WWE Superstar Seth Rollins®, which is currently in production, is the first picture under the partnership. It is anticipated that the second picture under the deal will go into production later this year.
“We are always looking for the ideal talent to extend our brand and Wesley is the right combination of action movie star and savvy producer," said Michael Luisi, President of WWE Studios. “We look forward to creating exciting new content with the perfect partner.”
“The action genre has been a very big and important part of my career. There is no better way to extend my love for dynamic action based entertainment than with a company like WWE, who have been entertaining fans for decades with incredible visuals and deliciously entertaining storylines,” commented Snipes. “Maandi strives to create elevated multi-media content that appeals to all demographics worldwide - from childhood fan to feature film collaborators. Wow, sooo cool! We are all incredibly excited to share visions.”
WWE Studios will be handling worldwide rights and will leverage WWE’s extensive platforms – including weekly TV shows, digital and social media and WWE Network.
Bradley Buchanan handled negotiations on behalf of WWE Studios.
ABOUT WWE STUDIOS
WWE Studios develops and produces feature films, as well as television and digital content. Its diverse slate is released theatrically, direct to home, and/or across digital platforms, and is co-produced & distributed through partnerships with premier global entertainment companies. WWE’s film division, led by President Michael Luisi, is headquartered in Santa Monica, CA. WWE® Studios recently launched genre label EREBUS PICTURES with KISS Icon Gene Simmons. Films from WWE® Studios include The Call with Halle Berry and WWE Superstar David Otunga®, Oculus directed by Mike Flanagan starring Karen Gillan and Katee Sackhoff, and Dead Man Down with Colin Farrell and WWE Superstar Wade Barrett®. Upcoming films from WWE® Studios include Incarnate starring Aaron Eckhart and featuring WWE Superstar Mark Henry®, Brother’s Blood starring Trey Songz and WWE Superstar R-Truth, Killing Hasselhoff starring Ken Jeong and David Hasselhoff, and The Resurrection of Gavin Stone starring Brett Dalton, Anjelah Johnson-Reyes and WWE Legend Shawn Michaels®.
· Website: http://www.wwe.com/inside/overtheropes/wwestudios
· Facebook: https://www.facebook.com/OfficialWWEStudios/
· Twitter: https://twitter.com/WWEStudios
ABOUT MAANDI MEDIA DMM
Snipes’ Maandi Media is currently working with a group of artists and content producers on cross-cultural I.P. for a worldwide audience. The production banner most recently inked a first-look deal with Sony Pictures Television to develop and produce a diverse slate of projects that appeal to his international audience.
Snipes most recently joined the starring ensemble cast of Temple, the feature thriller from Erebus Pictures and WWE Studios. Gene Simmons, Anne Heche, Dave Annable and WWE superstar Seth Rollins round out the cast whose story centers on a team of trained operatives who find themselves trapped inside an isolated military compound after its artificial intelligence is suddenly shut down. His numerous notable credits include the critically acclaimed Spike Lee Joint, Chi Raq -- opposite Sam Jackson, Teyonah Paris, Dave Chappelle and John Cusak, the Blade trilogy of movies, New Jack City, Waiting To Exhale, Too Wong Foo Thanks For Everything Julie Newmar, White Men Can’t Jump, Murder at 1600 and One Night Stand. Snipes and Maandi Media are repped by APA.
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 reaches more than 650 million homes worldwide in 25 languages. WWE Network, the first-ever 24/7 over-the-top premium network that includes all live pay-per-views, scheduled programming and a massive video-on-demand library, is currently available in more than 180 countries. The company is headquartered in Stamford, Conn., with offices in New York, Los Angeles, London, Mexico City, Mumbai, Shanghai, Singapore, Dubai, Munich 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/.
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: WWE Network; major distribution agreements; our need to continue to develop creative and entertaining programs and events; the possibility of a decline in the popularity of our brand of sports entertainment; the continued importance of key performers and the services of Vincent K. McMahon; possible adverse changes in the regulatory atmosphere and related private sector initiatives; the highly competitive, rapidly changing and increasingly fragmented nature of the markets in which we operate and greater financial resources or marketplace presence of many of our competitors; uncertainties associated with international markets; our difficulty or inability to promote and conduct our live events and/or other businesses if we do not comply with applicable regulations; our dependence on our intellectual property rights, our need to protect those rights, and the risks of our infringement of others’ intellectual property rights; the complexity of our rights agreements across distribution mechanisms and geographical areas; potential substantial liability in the event of accidents or injuries occurring during our physically demanding events including, without limitation, claims relating to CTE; large public events as well as travel to and from such events; our feature film business, including anticipated release, marketing or involved talent for upcoming titles and productions; our expansion into new or complementary businesses and/or strategic investments; our computer systems and online operations; a possible decline in general economic conditions and disruption in financial markets; our accounts receivable; our revolving credit facility; litigation; our potential failure to meet market expectations for our financial performance, which could adversely affect our stock; Vincent K. McMahon exercises control over our affairs, and his interests may conflict with the holders of our Class A common stock; a substantial number of shares are eligible for sale by the McMahons and the sale, or the perception of possible sales, of those shares could lower our stock price; and the relatively small public “float” of our Class A common stock. 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 (including under our revolving credit facility), general economic and competitive conditions and such other factors as our Board of Directors may consider relevant. Forward-looking statements made by the Company speak only as of the date made and are subject to change without any obligation on the part of the Company to update or revise them. Undue reliance should not be placed on these statements. For more information about risks and uncertainties associated with the Company’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of the Company’s SEC filings, including, but not limited to, our annual report on Form 10-K and quarterly reports on Form 10-Q.
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