Breaking News - End of Line for New Line
Now, this news doesn't come as too much of a surprise. New Line took a beating with The Golden Compass--budgeted at $250 million, it made $69 million domestically--last year, and in fact hasn't had a bona fide hit recently besides Hairspray (how many of you saw Over Her Dead Body? Martian Child? Mr. Woodcock? We could go on). Company shareholders have been calling for Shaye's head for a while now, especially after his feud with sacred cow Peter Jackson resulted in a massive lawsuit against New Line this year.
The studio has some 30-plus movies slated to come down the pike over the next few years, including The Hobbit, Shazam! and the Elm Street remake.
Chuck has been an entertainment editor and writer for more than 15 years. He was previously an Interactive Producer at Sony Pictures and Revolution Studios site MediaTrip.com, and Content Manager at Hollywood.com. Chuck served as a field reporter for Newsweek magazine and contributing editor to the Pocket Books bio Courtney Love: Queen of Noise. He has a huge love of '80s teen movies, especially Summer School, Lucas and The Goonies.