STAMFORD Conn. and BEVERLY HILLS Calif. – April 4 2014 – WWE Studios (NYSE:WWE) and PalmStar Media Capital have entered into a co-production/co-financing agreement on the Vince Vaughn feature TERM LIFE. TERM LIFE is currently in production and will be distributed domestically by Universal Pictures. WWE Studios will leverage its extensive multi-platform reach to help promote the film slated for a 2015 release.

Peter Billingsley directs from a screenplay by A.J. Lieberman who wrote the original graphic novel that he created with Nick Thornborrow. Billingsley and Vaughn previously worked on Universal’s "Couples Retreat" which made $172 million worldwide

Nick Barrow (Vaughn) plans and sells heists to the highest bidder but when his latest job goes horribly wrong he finds himself hunted by everyone he knows – mob bosses contract killers and dirty cops. With no way out Nick does the only thing he can think of to help his estranged daughter Cate – he takes out a life insurance policy on himself with her as the beneficiary. It’s a great plan until he finds out the policy doesn’t take effect for twenty-one days. Now Nick is forced to take Cate on the run and keep them both alive while trying to be a father for the very first time.

"We are excited to partner with PalmStar Media on this tremendous project " said WWE Studios President Michael Luisi. Term Life’s dynamic story and stellar cast make for exactly the type of movie that WWE Studios seeks to deliver to audiences everywhere."

PalmStar’s CEO Kevin Frakes added: “I am beyond pleased to be working with WWE Studios. They’ve made smart choices in their motion picture partnerships and of course the audience they are able to deliver is perfect for this movie."
TERM LIFE is produced by Vince Vaughn Micah Mason and Victoria Vaughn for Wild West Picture Show Productions Kevin Frakes of PalmStar Media Capital and WWE Studios president Michael Luisi.

Bradley Buchanan SVP of Business Affairs negotiated the deal on behalf of WWE Studios and Jonathan Gardner of Cohen Gardner LLP negotiated the deal on behalf of PalmStar.

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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; Oculus directed by Mike Flanagan staring Karen Gillan Katee Sackhoff distributed by Relativity Media in partnership with Blumhouse productions opening wide on April 11 2014 Leprechaun: Origins directed by Zach Lipovsky starring WWE Superstar Hornswoggle® will be distributed by Lionsgate in 2014; See No Evil 2 starring WWE Superstar Kane® directed by the Soska Sisters will also be distributed by Lionsgate in 2014 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 London Mexico City Miami Mumbai Shanghai Singapore Munich and Tokyo.

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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 entering into maintaining and renewing key agreements including television and pay-per-view programming and our new network distribution agreements; risks relating to the launch and maintenance of our new network; 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; uncertainties relating to regulatory matters; risks resulting from the highly competitive and fragmented 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; the risk of accidents or injuries during our physically demanding events; risks associated with producing and travelling to and from our large live events both domestically and internationally; risks relating to our film business; risks relating to new businesses and strategic investments; risks relating to our computer systems and online operations; risks relating to general economic conditions and our exposure to bad debt risk; risks relating to litigation; risks relating to market expectations for our financial performance; risks relating to our revolving credit facility; 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.

About PalmStar Media Capital

PalmStar Media Capital is a specialty financial services group focused on motion picture and other media investments. PalmStar Media Capital provides financial services to producers and distributors of film and television and other media content. The company also manages a fund that invests senior and mezzanine debt production equity and distribution funding in motion pictures.

Media Contacts:
Julie Tustin
WWE Studios
203-352-1009
julie.tustin@wwecorp.com