Sources tell me that Bob Shaye and Michael Lynne could officially find out as soon as this week what will happen to New Line Cinema and their expiring employment contracts at the movie studio they co-founded 40 years ago. “This is the week Bob gets told what the decision from Warner Bros will be,” an insider confirmed to me. BusinessWeek has already urged Time Warner Chief Jeff Bewkes to move New Line into the parent company’s Warner Bros fold. After that, in a conference call with analysts on February 6th, Bewkes specifically mentioned that New Line Cinema is ripe for expense reductions, then noted that changes in the film industry leave less purpose for the studio.
I reported on January 21st that, according to my sources, Shaye’s and Lynne’s contracts wouldn’t be renewed by Bewkes and that the studio would either be folded into Warner Bros (most likely) or sold altogether (least likely). Then I was told that, when Bewkes met with the New Line pair to deliver the bad news, the twosome wanted to put together a reorganization plan that would save the company a lot of money in exchange for a contract extension that leaves them as co-heads of the studio. But Bewkes hasn’t seemed interested in that scenario, insiders tell me. And, this week, he’s supposed to let Shaye and Lynne know his final decision.
The timing is bad since it comes on the heels of the estate of Lord of the Rings creator J.R.R. Tolkien suing New Line Cinema, claiming the company failed to pay a cut of gross profits for the movies based on Tolkien’s books. (Shaye’s studio is already paying a legal settlement to LOTR trilogy director Peter Jackson who is still auditing New Line about his profit participation.) Oh, and New Line is releasing on Friday the Will Ferrell basketball comedy Semi-Pro helmed by first-time director Kent Alterman, who to do the pic stepped down from his post as the studio’s Executive VP of Production working for Shaye and Lynne.
- Worse News For New Line: Tolkien Sues
- BusinessWeek Urges Jeff Bewkes To Move New Line Into Warner Bros
- TW’s Bewkes Confirms New Line Changes
- SOURCES: Terry Semel Looks At New Line
- SOURCES: Bob Shaye’s New Line Contract Won’t Be Renewed By TW Boss
- Peter Jackson And Bob Shaye Settle; Jackson Will Exec Produce ‘Hobbit’
- Another Reason Bob Shaye Should Retire
- The Dog Ate New Line’s Balance Sheets…
- Bob Shaye’s Mea Culpa Too Little Too Late
- It’s Official! Carlisle To New Line
- Is This Russell’s New Line Replacement?
- Another Reason Why Bob Shaye Is A Prick
- Bob Shaye Looks Like Even Bigger Idiot…
- Studios To Fight Over Unusual Peter Jackson Pic Deal (But Not New Line)
- Bombs Away: Shaye’s ‘Mimzy’ Tracking 0
- Peter Jackson Answers Lord Of The Rants
I had to phone Endeavor agent Brian Swardstrom since his buttocks are now world famous because of Tilda Swinton’s hilarious acceptance speech last night. (If you missed it, Swinton admired her Oscar and said, “I have an American agent … Read More »
Because of our sick obsession with images of celebrities, it’s one of the fastest growing categories in the visual content business. Getty Images, the world’s leading creator and distributor of visual content and other digital media including … Read More »
I’ve put in a call to AMPAS’ Sid Ganis to find out why Sunday night’s video montage of great moments from the Oscars didn’t feature any hosting footage of 4-timer Whoopi Goldberg or Steve Martin when everyone else was shown. Whoopi teared up about … Read More »
I’m terrible at math (so if these figures are wrong, correct me): Viacom and Disney, which distributed Best Picture winner No Country for Old Men, won seven Oscars each last night, the most of the major studios. Films from Universal won … Read More »
By the way, the conventional wisdom is that Dave bombed as Oscar host in 1995 because he didn’t take it seriously and has never been asked back. But I heard over the weekend the truth is that the Academy of Motion … Read More »
I’m running Washington Post Style columnist Tom Shales’ review of the 80th Academy Award broadcast. Because he agreed with me about last night’s show. (And even if you dislike what I wrote, remember that he has won a Pulitzer for his TV criticism…)
Oscar Viewers Got Clipped, In More Ways Than One
… Read More »
SUNDAY 3 PM Pacific Time: Above is a celebrity stand-in during Red Carpet rehearsals for the 80th Academy Awards telecast Sunday (photo by Jonathan Alcorn) followed by the real George Clooney … Read More »
I will be live-blogging the Academy Awards for the 3rd straight year starting with the Red Carpet arrivals at 3 PM Pacific time today and continuing until host Jon Stewart calls it a night. Comments will be … Read More »
Saturday Night Live came back on air last night after its enforced writers strike hiatus, and it was way better than I remember. (After all, the scribes on the show had like four months to pen it, right?) If … Read More »
Juno won. All the winners below:
First, some background: this year’s 23 Annual IFC Spirit Awards, hosted by The Office‘s Rainn Wilson who has a small role in Juno, was the first event event to honor independent film exclusively and is the premier awards … Read More »
Barry Diller and Diane Von Furstenberg, Bob Shaye, Colin Callender, Arnold Kopelson…
Hollywood Oscar Parties Sked
Go to Live-Blogging of the Oscars here beginning at 5 PM Pacific Time.
SUNDAY 3 PM Pacific Time: Above is a celebrity stand-in during Red Carpet rehearsals for the 80th Academy … Read More »
EXCLUSIVE: I’ve just been told that the famed director has backed off setting an April start date for his pic The Trial Of The Chicago 7 and won’t finalize a new start date until the Screen Actors Guild and AMPTP agree on a … Read More »
Let’s do a count of the Academy Award nominees by looking at the Hollywood talent agency ads in Variety today and breaking them down into the following major categories: Picture, Actor, Actress, Supporting Actor, Supporting Actress, Director, Adapted Screenplay, Original Screenplay, … Read More »
I’ve been talking to some very smart folks over the past 24 hours about the just-announced sale of Reed Business Information, including Variety, Broadcasting & Cable and Multichannel News. Here are some excerpts from conversations:
“It is what Reed Elsevier says it is. Reed is changing the entire portfolio. … Read More »