New Line Cinema is no more!

Well, I suppose this isn’t a huge surprise, but according to /Film, Warner Bros. is going to absorb the studio into its operations and make it just a business unit. They were always tied at the hip, but I guess after a string of failures (The Golden Compass anyone?) at the box office something had to give. Co-CEo’s Bob Shaye and Michael Lynne will be stepping down as studio chiefs and the back office will be consolidated with Warners. Well, at least now they can concentrate on making better products like *cough* The Hobbit *cough* perhaps? It actually kind of saddens me, they did take some huge gambles in the past with films like Lord Of The Rings and the like. I suppose their luck ran out.