New Line to be absorbed by Warner Studios
By Mike • Mar 2nd, 2008 • Category: Industry NewsIt’s hard to believe considering the huge success of the Lord of the Rings trilogy, but according to Variety it seems New Line Cinema will soon be folded into Warner Bros. Studios, effectively causing many who worked for the 40 year old company to lose their jobs.
No exact numbers have been divulged for how many of New Line’s staffers will stay but the surviving entity will be a shell of its former self…
The plan is for the few remaining employees to focus on the horror, comedy and urban genres which helped New Line make a name for itself.
Time Warner said New Line would continue to have development, marketing, business affairs and some distribution operations but those will be cut severely.
Read the full story here.
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Mike is a 33 year old movie addict and budding screenwriter. His favorite film genres are thrillers, drama, and horror, however he's open to watching just about anything. Mike's favorite films include American Beauty, Garden State, American History X, Smokin' Aces, Twilight Zone: The Movie and many, many more.
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