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1 article from 2003

11 December 2003 | Studio Briefing - Film News | See recent Studio Briefing - Film News news »

New York-based New Line Cinema, which appeared to be facing extinction following the merger of its corporate parent, Turner Broadcasting, with Time Warner in 1997, will see its profits triple in 2003, a top studio exec told today's (Thursday) New York Daily News. "It will be the most profitable year for any independent studio," Michael Lynne, New Line's co-chairman and co-CEO, told the Daily News in a telephone interview. The company expects to record $300 million in revenue, half of that coming from the holiday hit Elf. It is also due to take in a heap of money during the final two weeks of 2003 following next week's release of the final stanza of the Lord of the Rings trilogy. As recently as two years ago, the viability of New Line was again being questioned after several flops like Little Nicky and Town & Country even as Time Warner's principal film studio, Warner Brothers, was leading the industry in box-office revenue. »

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1 article from 2003