WWE Studios Inc. (formerly known as WWE Films) is an American film studio owned by the professional wrestling promotion WWE. WWE Studios movies frequently mix well-known actors and actresses in lead roles with WWE wrestlers, and teams with existing production and distribution companies to deliver the product at a cheaper cost for both parties. History Before the formation of WWE Studios, the WWF had produced the 1989 film No Holds Barred featuring Hulk Hogan under the Shane Distribution Company banner, a precursor to today's company. WWE Studios released the film on DVD in 2012. WWE Studios was formed in 2002 as WWE Films, and was seen as "a natural extension of the entertainment business" that they already featured in the weekly Raw and SmackDown television programs. Joel Simon was named as President of the WWE Films and Jed Blaugrund as vice president. WWE announced the first three film projects in January 2005; The Condemned, starring Steve Austin, The Marine, starring John Cena, and Goodnight, later retitled as See No Evil, starring Kane. Both of these independent film projects were genre films that cost $20 million to star his wrestlers. In 2008, the name was changed to WWE Studios. On February 25, 2008, WWE had signed a deal with 20th Century Fox Home Entertainment that Fox received to WWE that they would get one theatrical film and four straight-to-DVD movies. The move was designed to expand into production of scripted television series and films for networks. In February 2009, WWE Studios announced the first film which would not feature a WWE wrestler as the lead, with That's What I Am starring Ed Harris as a schoolteacher accused of fondling kids. In December 2009, it was announced that Patricia Clarkson and Danny Glover would star in the WWE Studios and Samuel Goldwyn Films co-production of Legendary along with WWE wrestler John Cena. Around the same time, the film announced production had been completed on another co-production with Samuel Goldwyn Films, the comedy Knucklehead, which starred WWE wrestler Big Show. Further projects were announced in 2010 with WWE wrestlers in lead roles, with The Chaperone starring Triple H, which was released in February 2011, and Bending the Rules starring Edge, which was released in March 2012. These initial releases were largely unsuccessful financially. In February 2012, WWE Studios agreed to a new three-film deal with 20th Century Fox Home Entertainment to produce, finance