Once prominent, New Line Cinema, is folding and being incorporating into Warner Bros. films. How did a studio company that banked $1 billion dollars on one film 4 years ago go under that quickly?
Well, now that I think about it, they haven't had a consistent string of solid hits since 'Lord of the Rings', with only 'Wedding Crashers' and 'Hairspray' their genuine hits since. But with a release slate such as the 'Sex and the City' movie, 'Four Christmases' with Reese Witherspoon and Vince Vaughn, not to mention the rights to the guaranteed uber-successful 'The Hobbit', I thought they have a chance of recovery... guess not.
For those remotely interested in the future of 'The Hobbit'- nothing changed, it's still in limbo talks with various people attached to it. (Variety)