WWE Studios, Relativity and Blumhouse Productions Partner on Intrepid Pictures' Oculus
WWE Studios (NYSE:WWE), Relativity and Blumhouse Productions announced today a partnership in connection to the release of Intrepid Pictures' Oculus, the Mike Flanagan-directed supernatural horror film starring Karen Gillan (Doctor Who, Not Another Happy Ending), Brenton Thwaites (the upcoming Maleficent, The Giver), Rory Cochrane (Argo, Parkland) and Katee Sackhoff (Battlestar Galactica, Riddick). WWE Studios will leverage its extensive multi-platform reach to help promote the film that debuted at the Midnight Madness section of the 2013 Toronto International Film Festival. Oculus was developed and produced by Trevor Macy and Marc D. Evans of Intrepid Pictures, who co-financed with MICA Entertainment and is set for a wide theatrical release on April 11, 2014.
Oculus was directed by Mike Flanagan (Absentia, Ghosts of Hamilton Street), and produced by Trevor Macy and Marc D. Evans (Safe House, The Strangers, The Raven). Ryan Kavanaugh (The Fighter, Limitless), Tucker Tooley (The Fighter, Limitless), Jason Blum (Paranormal Activity, Insidious), Michael Luisi (The Call, Dead Man Down), Anil Kurian (Sahara, The Raven), D. Scott Lumpkin (Safe Haven), Peter Schlessel (Drive, Looper) and Dale Johnson (Stuck in Love) serve as Executive Producers. The screenplay is by Mike Flanagan & Jeff Howard based on the short film Oculus: The Man With The Plan, written by Mike Flanagan & Jeff Seidman.
Ten years ago, tragedy struck the Russell family, leaving the lives of teenage siblings Tim and Kaylie forever changed when Tim was convicted of the brutal murder of their parents. Now in his 20s, Tim is newly released from protective custody and only wants to move on with his life; but Kaylie, still haunted by that fateful night, is convinced her parents' deaths were caused by something else altogether: a malevolent supernatural force unleashed through the Lasser Glass, an antique mirror in their childhood home. Determined to prove Tim's innocence, Kaylie tracks down the mirror, only to learn similar deaths have befallen previous owners over the past century. With the mysterious entity now back in their hands, Tim and Kaylie soon find their hold on reality shattered by terrifying hallucinations, and realize, too late, that their childhood nightmare is beginning again...
"WWE Studios is thrilled to be getting into business for The First Time with Relativity and partnering again with Blumhouse on the release of such a superbly crafted, heart-pounding thriller as Oculus," said Michael Luisi, President of WWE Studios.
Bradley Buchanan, SVP of Business Affairs, negotiated the deal on behalf of WWE Studios.
About WWE Studios
WWE Studios produces a diverse slate of feature films for theatrical release, home entertainment and digital platforms 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. Films recently produced by WWE Studios 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, No One Lives co-produced with Pathé Films and released theatrically by Anchor Bay Films starring Luke Evans and WWE Superstar Brodus Clay, and Christmas Bounty, an action comedy starring WWE Superstar The Miz and Francia Raisa, which premiered on ABC Family during "The Countdown to 25 Days of Christmas" and released on Blu-Ray/DVD by Warner Bros. Home Entertainment. Upcoming films for WWE Studios include 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.
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, London, Miami, Mumbai, Shanghai, Singapore, 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/.
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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.
Relativity is a next-generation media company engaged in multiple aspects of entertainment, including film production; financing and distribution; television; sports management; music publishing; and digital media. Ryan Kavanaugh is the company's Founder and CEO.
Relativity Studios has produced, distributed or structured financing for nearly 200 motion pictures, generating more than $17 billion in worldwide box office revenue and earning 60 Oscar nominations. Recent films include: Safe Haven, Act of Valor and Immortals, the latter two opening number one at the box office in their debut. Relativity's other films include the eight-time Oscar nominee The Social Network as well as Limitless and two-time Oscar winner The Fighter. Upcoming films include 3 Days to Kill, starring Kevin Costner, Earth to Echo, Oculus and author Nicholas Sparks' The Best of Me.
Relativity Television is one of the country's largest suppliers of unscripted television and has recently expanded to produce scripted series. Relativity Sports is the industry's fastest growing sports agency, providing more than 300 NBA, NFL and MLB athletes with services ranging from contract negotiation to custom film and television content production.
For more information, please visit relativitymedia.com.
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, Insidious, The Purge and Sinister franchises, all of which significantly out-grossed their budgets on opening weekend. 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 with a budget of just $3 million. Insidious: Chapter Two from FilmDistrict, grossed $41.05 million on its opening weekend with just a $5m budget. Blumhouse's upcoming micro-budget wide releases include Oculus for Relativity, Jessabelle for Lionsgate, The Next Chapter of The Purge for Universal and Paranormal Activity 5 for Paramount. In addition, Blumhouse is working on both scripted and non-scripted television projects. Blumhouse executive produced Stranded for SyFy and The River for ABC, and is also working on projects with HBO and MTV.
About Intrepid Pictures
Founded in 2004 by Trevor Macy, Intrepid Pictures is a feature film production and co-financing company with a mandate to produce horror, thriller, action, and comedy. Intrepid has produced eleven pictures to date, including the $82 million worldwide box office hit "The Strangers". Intrepid Pictures also produced and co-financed Summit Entertainments action film, "The Cold Light of Day" starring Bruce Willis, Sigourney Weaver and Henry Cavill; "The Raven," starring John Cusack and directed by James McTeigue. Additionally, Intrepid developed and executive produced Universal Pictures project "Safe House," starring Denzel Washington and Ryan Reynolds, directed by Daniel Espinoza.