New Line Cinema Absorbed Into Warner Bros. - The house that Freddy built is coming down. As previously rumored, New Line Cinema co-chairmen and co-CEOs Robert Shaye and Michael Lynne will leave the studio as part of a consolidation of Time Warner's film operations unveiled Thursday afternoon. In addition, New Line will stay in tact but will now be working hand-in-hand with Warner Bros. in releasing films in the future. You can read all about it inside.
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