I just got off the phone with a buddy of mine who works at Warner, and was going to start working at New Line in August. Looks like his plans are torpedoed. I just got word that Warner has folded New Line into Warners infrastructure. Though it will remain a seperate entity, all the decisions will be made at Warner, but New Line will retain its studio operations. Some employees will move over to Warner, some laid off, but two guys both CEO of New Line(Bob Shaye and Michael Lynne) are history. Their demise has been rumored for months, and in reality I am sure they were not all that surprised.

The New Line name will live on, but they will not have the decision making power to run themselves. I am not sure if this will impact the kind of movies you see from New Line, but I know some movies that were iffy to produce in the past, will probably not be in the future. Warner is alot more conservative than New Line is, that is for sure. I think you are going to see New Line as being more "indie" oriented, and Warner being the more traditional. Alot of details are still being worked out, and more announcement of this move will follow in the near future.

This is breaking news from the audioreview internet forum network.....