New Line absorbed by Warner - Update How Hobbit Affected

[Lairënuriel]

Here is a link to the article:
http://www.nytimes.com/2008/02/29/business/29studio.html

No word on how this will affect the Hobbit yet!

Word...
From TheOneRing.net:
New Line Folds: The Big Question…What About ‘The Hobbit?’
February 29th, 2008 by xoanon

Epleterte sends us the snippet from Variety’s article ‘Warner Bros. gobbles up New Line’: “The Hobbit” has Guillermo Del Toro in talks to direct, and the picture will be unaffected by the ouster of Shaye and Lynne. Though the films won’t be scripted until a director is hired, and Jackson wraps “The Lovely Bones,” the expectation is that the films will be ready for release for Christmas 2011 and 2012. Harry Potter will have wound down at WB by then, and the corporation will surely welcome another fantasy franchise that has an eager global audience waiting. New Line will distribute domestically, while MGM has international rights.