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[Helter Skelter]

Carolco Pictures High Five Entertainment Wins Fourth Emmy Award

LOS ANGELES, CA--(Marketwired - Mar 9, 2016) - Carolco Pictures, Inc. (OTCQB: CRCO) is pleased to announce today that its majority owned subsidiary, High Five Entertainment, together with Executive Producer and Americana Music Association Executive Director, Jed Hilly, and Producers Michelle Aquilato and Edie Lynn Hoback, won an Emmy® in the Entertainment category for its production of the 2014 Americana Music Honors & Awards at the 30th MidSouth Emmy® Awards

The Americana Music Honors & Awards is the marquee, kick-off event for the Americana Music Association, a professional not-for-profit trade organization whose mission is to advocate for the authentic voice of American Roots Music around the world. Held at the historically hip Ryman Auditorium, there were an astounding 23 musical performances, which included Jackson Browne, Loretta Lynn, Jason Isbell, Taj Mahal, and rock royalty, Robert Plant. Ten awards were handed out.

High Five Entertainment's Executive Producer Martin Fischer commented, "We are simply thrilled to win in the Entertainment category and to have been nominated among so many worthy contenders. We appreciate Jed and his team at the Americana Music Association and are truly grateful for the opportunity to produce the coolest award show with the most incredible music and musicians on the planet. We look forward to continuing our alliance in the years to come."

Rolling Stone magazine wrote "Like most awards shows, last night's was all about the performances. And, unlike most award shows, said performances were gimmick free, unless you consider excellence a gimmick."

"We are extremely proud of High Five's latest Emmy win and look forward to their continued growth and future successes," added Tarek Kirschen, Chief Executive Officer of Carolco Pictures.

"What an extraordinary accomplishment. We are unbelievably proud to have High Five Entertainment as part of the Carolco Pictures' family. They continue to raise the bar and provide outstanding quality entertainment," said Carolco Pictures' Chief Operating Officer Jacqueline Journey.

About Carolco Pictures, Inc.: Carolco is a diversified entertainment company engaged in the financing, production, and leasing of motion picture properties. Carolco's most recent regulatory filings and financial information can be found on the Securities and Exchange Commission's website at www.sec.gov