Common stock for World Wrestling Entertainment (stock symbol: WWE) closed
at $19.38 yesterday, as WWE continues to gain momentum after declaring a 50%
increase on their dividend. VARIETY reported last night that
Steve Barnett has been named Senior Vice President of WWE Films.
The article states WWE is readying the division to ramp up a slate of
pics to produce.
Variety reports that Barnett was most recently a senior VP at indie
production shingle Titan Film Group, and senior VP of production and development
at Dimension Films, where he oversaw such films as Frank Darabont's "The Mist,"
as well as the upcoming remake of horror pic "Piranha."
Before Dimension, Barnett was exec VP of production at Mark Canton's
Atmosphere Entertainment, helping shepherd such projects as "300," "The
Spiderwick Chronicles" and George A. Romero's "Land of the Dead." He also exec
produced Romero's latest, "Diary of the Dead."
Barnett also served as senior VP of production at Michael Ovitz's Artists
Production Group.
The strength of WWE's brand encouraged him to make the move to the company.
"There are very few entertainment companies in the world that can market
their brand as effectively as WWE," Barnett said. "I am very excited in
developing and producing films and television for a company with that kind of
focus and potency."
Barnett comes to WWE Films as the production arm is in the midst of
overhauling the types of films, direct-to-homevid titles and scripted TV shows
it will produce starring its stable of performers.
Idea is to produce a slate of PG-13 pics, budgeted at around $20 million each
for theatrical releases that range across all genres, rather than solely action
or horror pics that go after a hard R rating, like its previous releases.
Company is currently lensing its fourth pic, "12 Rounds," a New Orleans-set
actioner starring John Cena.
"If we do our jobs right, we'll make movies that appeal to all audiences,"
Barnett said.
WWE Films produced three pics -- "See No Evil", "The Marine" and "The
Condemned" -- before hiring former Village Roadshow exec Michael Lake late last
year to take the reins and educate the biz on what types of films the company is
looking to make.
"What we're saying is, don't make any assumptions about anything," said
Barnett, who reports to Lake.
As part of its revamped movie efforts, WWE Films brokered in February a
first-look deal with Fox Filmed Entertainment, through which the company's pics
will be distributed. "12 Rounds" will be released under the Fox Atomic
label.
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