New Line Cinema is (Basically) No More
Time Warner announced Monday that it was firing 450 of the 490 employees at New Line Cinema, reports a Studio Briefing entry on IMDB. The remaining employees will work for Warner Brothers. New Line will apparently continue producing low-profile “niche” films, which Warner Bros. will distribute.
New Line is still producing the movie adaptations of J.R.R. Tolkien’s “The Hobbit.”
Personally, I wonder what will become of the lawsuit between New Line and Tolkien’s estate over the millions of dollars New Line still owes for the “Lord of the Rings” Trilogy. I certainly hope at least some of those 40 employees who narrowly avoided the pink slip are lawyers.
Image: ABC News
April 17, 2008 at 1:47 pm
Interesting turn of events huh? The studio that produced one of the highest grossing movies of all time downsizing? Crazy.