New Line NOT Merging With Warner; Shaye and Lynne NOT Retiring

Contrary to reports stating that New Line Cinema will dissolve into Warner and that Bob Shaye and Michael Lynne will retire - that simply is not true. I have a close source who has cast a huge dispel over that rumor. Time Warner has New Line as a business unit, but the two operate as separate entities with Shaye and Lynne at the helm. New Line claims to be the most successful independent film company in the world.

So the status quo stays put. Regardless, "The Hobbit" stays on track. No further news on when Peter Jackson will be announcing that he is directing the pair of movies and that they will be in 3D (along with a 3D re-master of the LOTR trilogy) - but we are all looking forward to that day!

More news when I get it.