A little more than two months after Warner Bros. announced that it was absorbing
mini-major New Line into a smaller unit of the studio, Warner Bros.
president and COO Alan Horn released a statement today saying that
Picturehouse and Warner Independent Pictures are ceasing operations.
(Warner Bros. and ENTERTAINMENT WEEKLY are both divisions of Time
Warner.) "With New Line now a key part of Warner Bros., we’re able to
handle films across the entire spectrum of genres and budgets without
overlapping production, marketing and distribution infrastructures,”
Horn said. “After much painstaking analysis, this was a difficult
decision to make, but it reflects the reality of a changing marketplace
and our need to prudently run our businesses with increased
efficiencies."
According to the statement, management from both studios will be
meeting with Warner Bros. executives in coming weeks to determine the
status of movies currently in development as well as distribution of
already-dated films. Upcoming Picturehouse projects include Mongol (June 6), Kit Kittredge: An American Girl (in limited release June 20; wide release July 2), and The Women (Sept. 12). Warner Independent’s upcoming releases include Towelhead (Aug. 8) and Slumdog Millionaire (limited release Nov. 7).
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