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Article: New Line's new look will be a lot leaner.
- Article from:
- Daily Variety
- Article date:
- March 3, 2008
- Author:
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It's looking like the end of the line for most of New Line's 600 employees and uncertainty for New Line's slate.
Parent Time Warner hasn't disclosed details of job cuts since last Thursday's announcement that New Line would be folded into Warner Bros. and that co-toppers Bob Shaye and Michael Lynne would depart. But the emerging consensus is that at least 75% of the slots will be axed in the coming months while a bare-bones staff stays on a plan reminiscent of what happened to Disney's Miramax arm after the Weinstein brothers departed in 2005.
[ILLUSTRATION OMITTED]
Time Warner, which has been under pressure to cut costs and hike its stagnant ...
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