Time Warner drops ax on New Line
FROM VARIETY: Company cuts 450 jobs from studio
By Dave McNary of Variety -- Video Business, 4/15/2008
APRIL 15 | FROM VARIETY: It's the end of the line for most of New Line, with Time Warner cutting 450 jobs as part of its earlier decision to fold the studio into Warner Bros.The pinkslips, announced Monday afternoon, leave New Line with 40-50 employees. A Time Warner spokesman said about 40 New Line employees are being offered jobs within Warner Bros.
Notifications of the dismissals began Monday and will continue Tuesday.
New Line will maintain its own development, creative and production teams as well as its own marketing, publicity and business affairs staff. Warners is taking over distribution of completed New Line pics.
Read the full story on Variety.com.
