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THE DURST OF NEW LINE CINEMAS

By / 02.29.08

*sigh* I guess I have to do a post about this.  Parent company Time Warner has consolidated New Line Cinema and Warner Bros.

As an example of lost revenue opportunities, New Line’s "The Golden Compass" made $70 million domestically through Feb. 24 but raked in $261 million abroad, from which the studio saw limited benefit because it had to sell those distribution rights to various other companies. The Warner Bros. international network will allow Time Warner to reap such sales directly.

Hmm, perhaps that’s why they were stiffing the Tolkien estate on that little matter of the 7.5% of six billion they owe them.  Allegedly.

New Line has several potential hits in production, such as the next film in the "Lord of the Rings" series, "The Hobbit," which is set for release in 2010 [and totally up in the air], and "Sex and the City: The Movie" due to hit theaters in May.

I don’t know what this means for the movie industry, but I’m sad that I’ll probably never get to use my zingy one liner, “New Line Cinemas, ha, more like Jew Line Cinemas!”   I’m so edgy!


TAGSBUSINESSNEW LINE CINEMAStime warnerWarner Bros.

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