When Time Warner announced that New Line would be gobbled up by Warner Bros, we speculated that layoffs would be minimized for the short term. Variety now reports that at least 75% of New Line’s 600 staffers will likely get the axe in the coming months. As for the company’s upcoming slate of films, Warner Bros won’t decide “specific decisions on possible date switches” for probably several more weeks.
The difference between reality and the picture presented by the press releases sent out last week is actually rather shocking (although, it probably should be expected). I’m not quite sure if this subject is of interest to our non-industry readers (I’m guessing not), so I won’t write extensively about the topic. I’ll try to give some more updates when available.
March 3rd, 2008 at 2:32 am
Please, do tell more.
March 3rd, 2008 at 4:44 am
Yeah, I’d rather hear about this than Fraggle Rock Vinyl Statues
March 3rd, 2008 at 1:17 pm
People who aren’t interested don’t have to click on the link… People who are, however, would like to hear your take.
March 3rd, 2008 at 3:01 pm
It’s amazing that a company which produced one of the most successful franchises of all time would be “absorbed.” REALLY shocking that WB would choose to lay off 600 people though. God bless the conglomerates. Of course New Line DID screw the LOTR peeps out of their $$$. And the little plastic Fraggle doozer guy is cute too!!!
March 3rd, 2008 at 8:14 pm
I’m interested to read more. What bothers me the most is that this is one less creative voice in the movie industry.
March 3rd, 2008 at 10:49 pm
Sucks to be them eh.
March 4th, 2008 at 9:30 am
R.I.P. New Line
Fighting Bigger Studios since day 1