WWE issued the following today:
STAMFORD, Conn. and BEVERLY HILLS, Calif – 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.