LOS ANGELES, CA - (NewMediaWire) - June 16, 2015 - Carolco Pictures, Inc. (OTCQB: CRCO) ("Carolco" or the "Company") is excited to announce today that its majority owned subsidiary, High Five Entertainment, celebrated its fifth successful production of the CMT Music Awards Red Carpet Show on June 10, 2015. 

The Red Carpet lead up to the 2015 CMT Music Awards featured the hottest stars in country, rock and pop culture entertainment. Artists included Carrie Underwood, Luke Bryan, Florida Georgia Line, Sam Hunt, Jason Aldean, Lady Antebellum and Hunter Hayes just to name a few.

Martin Fischer, Executive Producer of the one hour Live 2015 CMT Music Awards Red Carpet event and President of High Five Entertainment, commented, "It was an epic night filled with some of the most amazing artists and hottest stars gathered from all around -- and live for the world to see. We were thrilled to mark our fifth year collaborating with CMT's amazingly talented team on the Red Carpet event, especially our CMT Executive Producers John Hamlin and Quinn Brown, and look forward to continuing our work with the franchise."

Alexander Bafer, Chief Executive Officer of Carolco Pictures, commented, "Wow, congrats to CMT and High Five Entertainment on another stellar performance. To pull off the fifth successful CMT Awards Red Carpet event is not only a testament to their talent and ingenuity but also continued the drive to set the bar higher."

About CMT

CMT, a unit of Viacom Inc., is the leading television and digital authority on country music and entertainment, reaching more than 92 million homes in the U.S.

About Carolco Pictures, Inc.:

Carolco is a diversified entertainment company engaged in the financing, production and leasing of motion picture properties. For more information on Carolco Pictures, and its subsidiaries, please visit, www.carolcopictures.com and www.highfiveentertainment.net. Carolco Pictures has offices in New York City, Beverly Hills, Boca Raton and Nashville. Carolco's most recent regulatory filings and financial information can also be found on the Securities and Exchange Commission's website at www.sec.gov. 

Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. These forward looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company's actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors.