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New Line No More? Not Exactly

Written by: Big Ross, CC2K Staff Writer

ImageSource: Hollywood Reporter

So you may have read that New Line is no more. Kaput. DOA. Finished. To steal a line from Lee Corso, Not so fast! It’s more complicated than that.

New CEO of Time Warner is making "hard decisions" to reshape the company and cut costs, and part of that means New Line co-chairmen and co-CEOs Bob Shaye and Michael Lynne are leaving the company they founded in 1967, and New Line will essentially become absorbed into Time Warner.

This news does not mean New Line will cease to exist. As HR reports:

New Line will remain more than just a production label within Warners, though. It will retain its own separate development and production, marketing and distribution operations. The unit will report to Warner Bros. Entertainment chairman and CEO Barry Meyer and president and COO Alan Horn, with Jeff Robinov, president of Warner Bros. Pictures Group, also set to play a key role in overseeing the new New Line.

Bewkes also has said that New Line "must focus on being an indie, rather than being halfway to a major."

I’m not really sure what that means, though HR cites the fact that while New Line’s ambitions have grown in recent years, aside from the huge success of The Lord of the Rings trilogy, many of their films have been more hits than misses.

To read the full article (and it’s quite long) go HERE.