An Unfortunate Event in Film History…
Today, it was pointed out to me (thanks to the C3’s own John Okeke) that New Line Cinema, the studio that brought us films like “A Nightmare on Elm Street” and “The Lord of the Rings,” will be merging with corporate cousin Warner Bros. Pictures. This officially means that the New Line franchise is officially in the books…
Here’s what the Los Angeles Times reported when news of this broke on February 29th…
Roll the credits on New Line Cinema, the 40-year-old studio behind such iconic movie franchises as “The Lord of the Rings,” “Austin Powers” and “A Nightmare on Elm Street.”
The company will lay off hundreds of employees between its Los Angeles and New York facilities and be merged into its corporate sibling, Warner Bros.
The consolidation marks the end of the line for the once scrappy producer that prided itself on taking creative risks that other studios wouldn’t. But in recent years New Line strayed from its street-smart roots with a slew of costly flops that ended its role as a big-time player in the volatile movie business.
