Presser: New WWE Studios President Named

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The following press release was issued earlier today:

STAMFORD, Conn.--(BUSINESS WIRE)-- WWE (NYSE:WWE - News) today announced that Michael Luisi has been named President, WWE Studios, effective immediately. In his new role, Luisi will oversee WWE Studios and all of its motion picture productions and initiatives worldwide. Luisi will continue to report directly to WWE Chairman and CEO Vince McMahon.

"Michael's vast knowledge of, and experience in, the motion picture industry make him a tremendous asset for WWE Studios," said Vince McMahon. "I am confident Michael will continue to expand our motion picture business on all platforms worldwide."

WWE Studios will continue to diversify its motion picture portfolio (theatrical, Home Video, VOD) and expand its global audience through strategic production and distribution partnerships, while leveraging WWE's core fan base of over 500 million households worldwide. Luisi's seasoned film background and strong industry relationships will play a key role in the execution of the strategy. Prior to joining WWE, Luisi spent twelve years at Miramax Films, most recently as Executive Vice President, Worldwide Operations. In that role, Luisi oversaw the day to day operations of Miramax, as well as serving as the principal business advisor to the president of Miramax and primary liaison with then parent company Disney. Luisi's new position will enable WWE Studios to expand the WWE studios brand and productions worldwide.

The first project Luisi will oversee for WWE Studios is "No One Lives," a co-production between Pathe Pictures and WWE Studios starring Luke Evans (The Immortals) and directed by Ryuhei Kitamura, which is currently in post production. Luisi brought the project to WWE shortly after joining the company in January 2011 as its Executive Vice President of Business Development & General Counsel.

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