HOLLYWOOD, 7:36 PM, SUN JUL 6 | 0 POSTS IN THE LAST 24 HOURS | tips@defamer.com |

new line cinema, bob shaye, new line, time warner, warner bros.

Is Today the Day For Dreaded New Line Pink Slips?

A tip into Defamer HQ suggests that today may be the last for the majority of remaining employees at New Line Cinema, the Time Warner subsidiary that has spent the last month transitioning from a stand-alone operation to a genre cog in the Warner Bros. machine. The speculation trickled down a little bit ago from a few private industry message boards; it would be the culmination of news expected since co-founders Bob Shaye and Michael Lynne made their own departures public Feb. 28. Production head Toby Emmerich surprised most observers last month by staying on as president and COO, but he's in the minority likely to stay on as the labels consolidate. Let us know if you've heard the same — you know where to find us.