Bye Bye New Line - HorrorMovies.ca

Posted By : thegoldensimatar, Friday Feb,29
Filed Under : General Horror,

Variety reports that New Line Cinema, one of the big powerhouses of Hollywood is being absorbed by Warner Bros. Dubbed 'The House That Freddy Built', New Line originally started as a distributor of films to small theaters and college campuses before its CEO Robert Shaye managed to pull together enough money to allow a young director named Wes Craven to make his script that had been floating around in Hollywood for years: A Nightmare on Elm Street.

Since then New Line has become a large studio and has been the center for numerous successful franchises, to include the Elm Street series, Rush Hour, and most famously, The Lord of the Rings. However, New Line has fallen on hard times as of late despite some success with films like Hairspray and Rush Hour 3. One of the most famous brouhahas surrounding the company was the suit between New Line and Peter Jackson over residuals from the Ring films. However, despite what some might think the recent release of The Golden Compass (budget of about $180million), while it busted in the United States (with about $70million gross), it preformed very well overseas taking in about $260million dollars and ended up with about $330million in a worldwide gross. Despite its success, it didn't seem to do well enough to keep the merger from happening.

New Line will continue to exist, however it will be a shell of its former self and I highly doubt it will get any big projects. CEO Robert Shaye has stepped aside, as well as Michael Lynne. The company will apparently go to horror and comedies, lower budget stuff. After about 40 years of existence, we salute you New Line. Sad to see you go.

Thoughts or comments? (7 Comment's ) We encourage our readers to react to the news, not just read it. Leave comments and be a part of the news! You can also keep up to date with all the latest using our RSS feed. Got some Horror news? Send it in

In Related Horror News

Exclusive: Freddy vs Jason 2 U...
New Line Nabs Thirteenth Hour
Sneak Peek at Savini Land of t...
Elske McCain Hosting Exploitat...
Bye Bye New Line
New Line Still Doing Gears of ...
Not a Prequel but a Friday the...
NECA Snatched up Dawn of the D...
'Blade 4' Still Possible?
NECA Updates From NY Toy Fair
Underworld vs Rush Hour = NYC?...
Disneys Christmas Carol Remake...
Exclusive: The Second Line: Jo...
Summit Snaps Up Invasion
Laura Allen Digs From Within

Mockumentary style horror movies/ camcorder movies Last Post by killjoy, ( 16 Total Replies ) I just watched DEAD SNOW and it was brutal! **spo... Last Post by Godzilla_Rules, ( 9 Total Replies ) Favourite Drama movie Last Post by Grinded, ( 0 Total Replies ) Final Destination 5 Movie Coming Last Post by angusmac, ( 12 Total Replies ) Platinum Dunes Brings Monster Squad Remake Last Post by angusmac, ( 10 Total Replies ) Tim Burton Directing The Addams Family 3D? Last Post by Gardenofstone10, ( 12 Total Replies ) 80's Rock Last Post by wolfman1959, ( 45 Total Replies ) Let's play guys! Last Post by , ( 518 Total Replies )
Banshee!!! Release: Mar 23 Zombies of Mass Destruction Release: Mar 23 Vampyres [Blu-ray] Release: Mar 30 I Sell the Dead Release: Mar 30 Piranha [Roger Corman Cult C... Release: Apr 06 The Collector [Blu-ray] Release: Apr 06 The Collector Release: Apr 06 Nightmare on Elm Street Release: Apr 06 A Nightmare on Elm Street [B... Release: Apr 06 >> Upcoming DVDs	Nightmare on Elm Street (... Release Apr 30 Jonah Hex Release Jun 18 Predators Release Jul 10 The Twilight Saga: Eclips... Release Jul 30 Piranha 3-D (2009) Release Aug 27 Priest Release Oct 01 Cabin In the Woods (2010) Release Jan 14 The Factory Release Jan 28 Case 39 Release Dec 31 >> Upcoming Horror Movies	Shutter Island Movie Review by: Googopqp; Martin Scorsese and horror film? You don't hear that everyday....But in all honestly its not a full out horror film, its... Captivity (2007) Movie Review by: BlackTequi... Dead End Movie Review by: MistressOf... Feardotcom Movie Review by: MistressOf... Deadgirl (2008) Movie Review by: BlackTequi...