Lions Gate and WWE Go Partners for 'Action Six Pack' - Analyst Blog

Lions Gate Entertainment Corp. LGF and World Wrestling Entertainment Inc. WWE signed a deal to co-produce six new action movies. The series dubbed as 'Action Six Pack' will provide a platform to both the superstars and rising stars of World Wrestling Entertainment.

Vendetta will be the first installment of the 'Action Six Pack' series and will star Paul Wight A.K.A Big Show. The movie will be directed by the Soska twins (Jen and Sylvia) who had earlier directed See No Evil 2 and American Mary.

Vendetta is scripted by Justin Shady and revolves around the life of a hard-nosed detective who wants revenge from a criminal for his wife's murder and hence purposely commits a crime which lands him in prison. The filming will begin in the summer of this year.

Meanwhile, work on the second installment has already begun and filming is likely to commence this fall.

Lions Gate and World Wresting Entertainment share a long standing association. The studios have co-produced a number of movies in the past including The Condemned and See No Evil. For 2014, there are two releases lined up namely Leprechaun: Origins and See No Evil 2.

The movies produced by Lions Gate and World Wresting Entertainment are made at a modest budget. As per the studios, these modestly budgeted action movies have a good track record as they do click well with the global audience.

Lions Gate is fast emerging as a leading player in the media industry which boasts of stalwarts like The Walt Disney Co. DIS and CBS Corp. CBS. With franchises like The Hunger Games and the recently released first installment of Divergent, the studio has tasted tremendous success.

Yesterday, the company announced to release Divergent's first installment on DVD (plus digital), Blu-ray Combo Pack (Digital HD and plus DVD), Pay-Per-View and Video on Demand on Aug 5, 2014. However, on Digital HD, this blockbuster flick will be available from Jul 22.

Lions Gate and World Wrestling Entertainment both carry a Zacks Rank #3 (Hold).