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 to dissolve into WBNew 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

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One Response to “New Line Cinema is (Basically) No More”

  1. Matt Brown Says:

    Interesting turn of events huh? The studio that produced one of the highest grossing movies of all time downsizing? Crazy.

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