|
|
Article: 'Rings' Kings feel the sting: New Line becomes WB genre label.
- Article from:
- Daily Variety
- Article date:
- February 29, 2008
- Author:
CopyrightCOPYRIGHT 2008 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
The colorful 40-year run of New Line is coming to an abrupt end, costing the jobs of most of the company's 600 staffers.
The company will be folded into Warner Bros. as a small genre arm, but its two toppers, Bob Shaye and Michael Lynne, will not be part of the package.
[ILLUSTRATION OMITTED]
No exact numbers have been divulged in terms of how many of New Line's staffers will remain, but the surviving entity will be a shell of its former self, refocusing on the horror, comedy and urban genre pics that helped put it on the map decades ago.
Time Warner said New Line would continue to have development, marketing, business affairs and some ...