Epleterte sends us the snippet from Variety’s article ‘Warner Bros. gobbles up New Line’: “The Hobbit” has Guillermo Del Toro in talks to direct, and the picture will be unaffected by the ouster of Shaye and Lynne. Though the films won’t be scripted until a director is hired, and Jackson wraps “The Lovely Bones,” the expectation is that the films will be ready for release for Christmas 2011 and 2012. Harry Potter will have wound down at WB by then, and the corporation will surely welcome another fantasy franchise that has an eager global audience waiting. New Line will distribute domestically, while MGM has international rights.
Tag: Warner Bros.
From Variety: New Line’s 40-year run as an independent studio ended Thursday when Time Warner said it would fold the company into Warner Bros. New Line will become a unit of Warners, maintaining separate development, production, marketing, distribution and business affairs operations. Warner Bros. gobbles up New Line
Contrary to previous reports on IMDB there is “no truth” to the rumor that New Line Cinema’s Bob Shaye & Michael Lynne were being sacked, and all projects, including The Hobbit were moving completely over to the Warner Bros. camps. A New Line spokesperson stated via email to us today that the story was false, and they are seeking a correction on IMDB.
From IMDB: Following a planned meeting this week with new Time Warner Chairman Jeff Bewkes, New Line Cinema founders Bob Shaye and Michael Lynne are expected to be terminated and New Line’s projects, including The Hobbit, folded into Warner Bros., L.A. Weekly columnist Nikki Finke reported on her Deadline Hollywood Daily blog Monday, citing no sources. With the exception of last year’s Hairspray, New Line has had a nearly uninterrupted string of financial failures since its Lord of the Rings franchise ran out.