Thursday, February 28, 2008

It's Time. Warner Swallows New Line!

** UPDATE: Both Shaye and Lynne are leaving Time/Warner. Again, I am not surprised.

As I suspected, Time/Warner has dropped the gauntlet and it was more than only a massive reorg, but rather a complete ingestion. Reported by Variety today, New Line has been dissolved. It is unknown what Bob Shaye will be doing or not doing with the company.

Further, there is no word on what this does to appease the lawsuit with the Tolkien Trust regarding LOTRs revenue sharing. Hopefully this is cleared up fast so that "The Hobbit" may proceed! In 3D of course.

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Jim Dorey
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