New Line Cinema is being taken over.. BY WB!

[jurassic_pork]

Hey maybe New Line can actually show Warner how to include HD audio in their BD releases. WB should start taking notes...

[BlurayManiac]

News

New Line Cinema to Become Unit of Warner Bros.
Source: Time Warner Inc.
February 28, 2008


Time Warner Inc. announced today the consolidation of its filmed entertainment businesses, Warner Bros. Entertainment and New Line Cinema. The combination brings together New Line's 40-year legacy as the world's most successful and innovative independent film studio with Warner Bros.' creative leadership and unparalleled scale and reach in global distribution and marketing.

As part of the consolidation, New Line will be operated as a unit of Warner Bros. New Line will maintain separate development, production, marketing, distribution and business affairs operations, but will closely integrate and coordinate those functions with Warner Bros. to maximize film performance and operating efficiencies, achieve significant cost savings, and improve margins.

In making the announcement, Time Warner's President and Chief Executive Officer Jeff Bewkes said: "We are moving quickly to improve our business performance and financial returns. New Line has built a strong franchise of cutting-edge entertainment. We can enhance its value by combining it with Warner Bros. Given the trend toward fewer movie releases, New Line and Warner Bros. will now have more complementary release slates, with New Line focusing on genres that have been its strength. With the growing importance of international revenues, it makes sense for New Line to retain its international film rights and to exploit them through Warner Bros.' global distribution infrastructure. We can also take better advantage of digital distribution platforms by combining our studios. These changes will enhance our revenue opportunities and drive dramatic cost efficiencies and higher margins at New Line."

New Line's Co-Chairmen and Co-CEOs Robert Shaye and Michael Lynne have elected to leave the studio, but are in discussions about possible future business relationships with the company.

Mr. Bewkes said: "Bob and Michael have a unique partnership that is noteworthy not only for its stability and longevity, but for its record of innovation and success. They have guided New Line's growth from a privately held art film distributor to the world's leading independent film studio that is home to some of the most popular films in entertainment history, including 'The Lord of the Rings' trilogy, 'The Mask,' 'Austin Powers,' 'Blade,' 'Rush Hour,' 'Elf,' 'Wedding Crashers' and 'Hairspray.' We thank Bob and Michael for their enduring contributions to Time Warner and look forward to a continuing working relationship with them."

Mr. Shaye and Mr. Lynne said: "New Line has been our respective life's work as well as our second family. While we're sad to be leaving, we're enormously proud to have overseen its extraordinary growth and worked with so many dedicated and talented colleagues. New Line represents innovation, creativity, and independent success. We hope that the company can continue to be a leader in creating entertainment that resonates around the world. We will now focus our efforts on exploring new entrepreneurial opportunities."

http://www.comingsoon.net/news/movienews.php?id=42447

they mention all those movies but why havent they mentioned the nightmare on elm street series it put new line cinema on the map.

[Proteus]

Warner better pull their heads out of their butts and start doing AVC high bitrate video with lossless audio on ALL Blu-ray releases. I'm really sick and tired of crap HDDVD ports, they piss me off almost as much as crap PS3 ports do... and that's a lot!

[BobOjr]

Look at this:

http://www.variety.com/article/VR111...goryid=13&cs=1

[Beast]

Does noone bother to use the search function or their eyes?

[owa]

Should be interesting to see how it all plays out or if things will change at all.

Here are a few other threads on this:

https://forum.blu-ray.com/showthread.php?t=40075

https://forum.blu-ray.com/showthread.php?t=40116

https://forum.blu-ray.com/showthread.php?t=40065

[CheapChildren]

Maybe Nightmare On Elm will come faster? Or slower?

[NoQuestion]

There will be no change to New Line. They are in charge of thier films. The only thing changing is that the business side(budget, PR etc) is going to be WB. New Line will still produce movies under thier name. Read the insider threads.

[tru_to_blu]

What grinds my gears is New Line is the house that Freddy built and they dont even apreciate the die hard horror fan's, Freddy built New Line and I think if any movie from New Line gets put on Blu-ray it should be The Nightmare on Elm street collection in a nice Blu-ray box set. That is just fair if you want my opinion.

[ussrelativity]

After reading in more detail with this, I am confident that the New Line releases will still continue to be excellent with DTS-HD Master Audio, rather than Dolby TrueHD. For some reason, I seem to be more partial towards DTS-HD Master Audio.

[Krazy]

I see this as a good thing for both NL and WB as this lets NL concentrate on the creative side of things with WB picking up the bill for production and marketing. This could also be a great way for NL to go back to their arthouse/horror roots by becoming a specialty label for WB in the same way that Focus Features is to Universal and Miramax is to Disney