Targeted for April 11, 2014 Release
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--
Relativity Media has partnered with global branded play company Hasbro,
Inc. [NASDAQ-HAS] to develop and produce a live-action tent-pole
film based on Stretch Armstrong, the iconic action hero figure launched
in the 1970s, it was announced today by Relativity's Co-President,
Tucker Tooley and Hasbro's President and CEO, Brian Goldner.
Relativity will be the domestic distributor and will release the film
internationally through its network of foreign output partners. The film
is targeted for an April 11, 2014 release date.
The film will be produced by Relativity's CEO, Ryan Kavanaugh (The
Fighter), Hasbro's Goldner (Transformers) and Bennett
Schneir, Senior Vice President and Managing Director, Motion Pictures (Battleship).
Tooley (Immortals) will serve as executive producer.
Hasbro has become an entertainment powerhouse by creating hit movies and
television shows from its rich portfolio of world class brands. Since
2007, Hasbro's Transformers and G.I. Joe franchises have
grossed nearly $3 billion at the worldwide box office. 2012 is shaping
up to be another stellar year for Hasbro with its partners Universal
Pictures releasing Battleship in April and Paramount Pictures
releasing G.I. Joe: Retaliation in June. In television, Hasbro
Studios produces shows like Transformers Prime and My Little
Pony: Friendship is Magic that can be seen on the HUB television
network in the U.S. and in more than 140 countries globally.
"We are absolutely thrilled to partner with Hasbro, a company whose
global reach and ability to innovate has made them immensely successful
in the arena of brand re-imagination-- as evidenced by their legacy of
creating such franchises as Transformers and G.I. Joe,"
said Tooley, "We look forward to bringing Stretch Armstrong to audiences
worldwide."
"Stretch Armstrong is a great example of Hasbro's rich portfolio of
intellectual properties that we are continuing to develop globally,"
said Goldner, "We are excited to partner with Relativity on this movie
as they are a growing and innovative studio."
Stretch Armstrong is the classic action hero figure first launched by
Hasbro in 1976 and re-launched in the 90's, sold successfully throughout
North America and in markets across the world. The original Stretch's
unique design broke free of traditional action figures, as he could be
stretched over and over and always returned back to his original size.
The nostalgic toy is considered to be rare and collectible to this day.
Relativity recently released Oscar®-winner Steven Soderbergh's dynamic
action-thriller Haywire in theatres. Looking ahead, Relativity
will release the heart-pounding Navy SEAL action-thriller Act of Valor
(in theatres February 24, 2012) and magical adventure comedy Mirror
Mirror (in theatres March 16, 2012), starring Oscar®-winner Julia
Roberts, Lily Collins, Nathan Lane, and Armie Hammer. The studio just
wrapped production on the comedy 21 and Over and is currently in
pre-production on Nicholas Sparks' gripping love story Safe Haven
and the international espionage thriller Hunter Killer.
ABOUT RELATIVITY MEDIA
Relativity Media is a next-generation studio engaged in multiple aspects
of entertainment, including full-scale film and television production
and distribution, the co-financing of major studio film slates, music
publishing, sports management and digital media. Additionally, the
company makes strategic partnerships with, and investments in, media and
entertainment-related companies and assets.
To date, Relativity has produced, distributed, and/or structured
financing for more than 200 motion pictures. Released films have
accumulated more than $17 billion in worldwide box office receipts.
Relativity's recent films include: Immortals, Tower Heist,
Bridesmaids, Hop, Limitless, Anonymous, Machine Gun Preacher,
Cowboys & Aliens, Battle: Los Angeles, Season of The Witch, Little
Fockers, The Fighter, The Social Network, Salt, Despicable Me,
Grown Ups, Dear John, It's Complicated, Couples Retreat
and Zombieland. Upcoming films for Relativity include:
Haywire, Act of Valor, The Raven, Mirror Mirror, 21 Jump Street,
American Reunion, and The Bourne Legacy. Thirty-eight of
the company's films have opened to No. 1 at the box office. Relativity
films have earned 60 Oscar® nominations, including nods for The
Fighter, The Social Network, The Wolfman, A Serious Man, Frost/Nixon,
Atonement, American Gangster and 3:10 to Yuma. Sixty-two
of Relativity's films have each generated more than $100 million in
worldwide box-office receipts.
Relativity also owns and operates Rogue Pictures, a company that
specializes in films targeted to the 13-25 year old audience, and
RogueLife, Relativity's digital studio which is developing original
content for the Web and creating sustainable online platforms and
communities. RelativityREAL, Relativity's television arm, has 67
projects in production, including 17 original series that are currently
airing or will air in the upcoming television season including Police
Women for TLC, Coming Home for Lifetime and The Great Food
Truck Race for Food Network. For additional information, please
visit www.relativitymedia.com.
ABOUT HASBRO
Hasbro,
Inc. (NASDAQ: HAS) is a branded play company providing children and
families around the world with a wide-range of immersive entertainment
offerings based on the Company's world class brand portfolio. From toys
and games, to television programming, motion pictures, video games and a
comprehensive licensing program, Hasbro strives to delight its customers
through the strategic leveraging of well-known and beloved brands such
as TRANSFORMERS, LITTLEST PET SHOP, NERF, PLAYSKOOL, MY LITTLE PONY,
G.I. JOE, MAGIC: THE GATHERING and MONOPOLY. The Hub, Hasbro's
multi-platform joint venture with Discovery Communications (NASDAQ:
DISCA, DISCB, DISCK) launched on October 10, 2010. The online home of
The Hub is www.hubworld.com.
The Hub logo and name are trademarks of Hub Television Networks, LLC.
All rights reserved.
Come see how we inspire play through our brands at http://www.hasbro.com.
© 2012 Hasbro, Inc. All Rights Reserved.
HAS-LIC
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Relativity Media
Adam Keen, 310-724-7720
or
Kristin
Cotich, 310-724-7738
or
Hasbro, Inc.
News Media
Wayne
Charness, 401-727-5582
or
Investor Relations
Debbie
Hancock, 401-727-5401
Source: Hasbro, Inc.
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