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Source: www.latimes.com --- 5 days ago
The film division helped introduce American audiences to 'Pan's Labyrinth' and 'La Vie en Rose.' Goodbye, "Pan's Labyrinth"? That's the question hanging over Indiewood, as Warner Bros. contemplates the future of Picturehouse, the stalwart independent division of New Line that in its three years of existence helped introduce Americans to unique foreign flavors, winning three Oscars for Guillermo del Toro's fantastical dream of Franco's Spain in "Pan's" and another Oscar this year for Marion Cotillard's performance as Edith Piaf in "La Vie en Rose." ... Source: www.latimes.com --- 3 days ago
More than 70 jobs will be lost in the cost-cutting move. An increasingly precarious independent film world claimed two more victims. ... Source: www.iht.com --- 4 days ago
Time Warner Inc. said Thursday it will close its Picturehouse and Warner Independent Pictures film studios and eliminate 70 jobs in the latest cost-cutting move since Jeff Bewkes took over as chief executive on Jan. 1. ... Source: www.mediabistro.com --- 3 days ago
The Hollywood Reporter's Borys Kit and Gregg Goldstein have the scoop : After Warner Bros. absorbed New Line as an in-house production label, industryites wondered which Warners specialty unit would be kept, Warner Independent Pictures or Picturehouse . The answer came Thursday: Neither. In a move that sent ripples of shock around town, Warners said it is was shuttering both divisions, citing cost savings and an elimination of redundancies. Most of the units' 70 employees are expected to lose their jobs, including all 43 Picturehouse staffers. WIP president Polly Cohen said that some of her 27 staffers will remain on board to shepherd projects to the studio. The 11-year Warners vet's contract runs for about two more years, and she will stay within Warners for now, though she's unclear in what capacity. Some Picturehouse staffers also might remain. New Career Opportunities Daily: The best jobs in media ... Source: hollywoodinsider.ew.com --- 4 days ago
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). ... Source: www.variety.com --- 10 days ago
Weekly: Staffers fear downsizing amid industry woes -- As a constricting entertainment industry copes with the aftermath of one strike, the threat of another and a rocky economy, all eyes are on Warners and DreamWorks. ... Source: comingsoon.net --- 3 days ago
In a statement released today, Warner Bros. Pictures president & COO Alan Horn announced that both Picturehouse and Warner Independent Pictures are closing. ... Source: blogs.orlandosentinel.com --- 4 days ago
Warner Brothers, which folded New Line into its operations earlier this year, is chopping some more, shuttering two boutique nameplates---killing Picturehouse and Warner Independent Pictures, two subsidiaries. It had been thought that Picturehouse was doomed, but killing or folding in... ...
Source: www.hollywoodreporter.com --- 3 days ago
... Source: www.webwire.com --- 2 days ago
Picturehouse and Warner Independent Pictures will cease operations, it was announced today by Alan Horn, President & COO, Warner Bros. - - "With New Line now a key part of Warner Bros., we're able to h... [WebWire - Friday, May 09, 2008] ... Source: www.cinematical.com --- 2 days ago
Filed under: Celebrities and Controversy , Fandom , Distribution , Newsstand Man, this news truly bums me out. Variety reports that Picturehouse and Warner Independent Pictures are shutting down. It's not like this is shocking news; ever since New Line folded, it was all pretty much a given that both Picturehouse and Warner Independent would either close or merge in some way -- but it still stings for those who, like me, were big fans. In a statement, Warner Bros. president and COO Alan Horn claims this move won't stop the studio from taking more chances on young, indie voices. He says, "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. We're confident that the spirit of independent filmmaking and the opportunity to find and give a voice to new talent will continue to have a presence at Warner Bros." On a personal note, Cinematical has worked with folks from both Picturehouse and Warner Independent Pictures, and have always found them to be wonderful people who truly care about spreading these little indie films as far and wide as they can. Here's hoping that love, that heart and that passion will not disappear. We wish all those involved good luck in their future endeavors. Permalink | Email this | Comments ... Source: forums.toonzone.net --- 3 days ago
Yup, it's true. Way to go, geniuses. Instead of merging the operations, you chose to close both of them. The best idea yet. {2 claps} Cost Smost. http://www.variety.com/VR1117985299.html Warner Bros. has discovered a way to deal with the specialty film business -- it's staying away from it. ... Source: daily.greencine.com --- 3 days ago
"Picturehouse and Warner Independent Pictures are closing, it was announced today by Alan Horn, president & COO of Warner Bros." Variety has the story; Anne Thompson has the press release. Comments: Brian Brooks, Matt Dentler, Karina Longworth and Scott... ... Source: www.deadlinehollywooddaily.com --- 3 days ago
Everyone knew for months this was going to happen since it was just a matter of time after New Line was brought under Warner Bros. But the news still means that today is Black Thursday for all those people working at Picturehouse. You have my deepest sympathies. Here's the statement: (May 8, 2008 – Burbank, CA) Picturehouse and Warner [...] ... Source: www.indiewire.com --- 3 days ago
by Eric Kohn (May 8, 2008) The tragedy was in plain sight, but nobody thought it would hit this hard. As word spread today that Warner Bros . planned to close its specialty divisions Picturehouse and Warner Independent Pictures , shifting all projects currently in development to the larger studio and its recently absorbed subdivision New Line , a mournful tone took hold of the independent film industry. "It is a sad day when any film company, large or small, bites the dust," said President of THINKfilm Mark Urman . "One had heard and one had even considered that this was a possible scenario. It's still surprising when you see it in print." ... Source: www.firstshowing.net --- 3 days ago
As we all know, New Line Cinema folded in under Warner Brothers back in February, which also meant the converging of both of the studios' independent divisions: Warner Independent Pictures and Picturehouse. In a "surprising move" today, Warner Brothers president and COO Alan Horn announced that it was shutting down both WIP and Picturehouse instead [...] ... Source: popcornjunkies.insidepulse.com --- 4 days ago
Warner Bros. has discovered a way to deal with the specialty film business — it’s staying away from it. In a move that caught Hollywood off guard, Warner Bros. has decided to shutter both Picturehouse and Warner Independent Pictures. ... Find more search results for Picturehouse on RSSMicro.com |
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A few notes kicked under the door at Defamer HQ hint that the end may be near for Picturehouse, the Oscar-winning art house shingle plunged into limbo in February after its parent company New Line was absorbed by the Warner Bros. mothership . We have yet to hear where company president Bob Berney will wind up, though a popular rumor has him sharing power at Warners' other struggling boutique outpost, Warner Independent Pictures, with current WIP boss Polly Cohen. We posit at least one more underdog alternative as well — plus a prognosis for the remaining Picturehouse output — after the jump. Another whisper (and our own preference) has Berney starting fresh at a new company underwritten with hedge fund cash. The latter would suit him well with Cannes on the horizon and Warners' decreasing overall interest in the volatile indie marketplace; the studio would gladly get out anytime, but we hear they're willing to move ahead with Berney if he's interested. We doubt it, particularly as a co-president with Cohen; he's been calling his own shots forever ( quite well , we should add ) and would be too attractive a prospect to new money with fewer strings attached. And Berney could bring along the majority of his staff, who would likely take pink slips under the WIP scenario.
In any case, the Picturehouse calendar doesn't bode well for any kind of longevity. Despite Marion Cotillard's Oscar win for La Vie en Rose , the bitter di ...
Filed under: New Releases , Executive shifts , New Line , Warner Brothers , Warner Independent Pictures , RumorMonger , Distribution , Other Festivals Near the end of last week, Defamer spread the rumor that Picturehouse , once the indie arm of New Line Cinema and currently dangling from the edge of the hulking entity known as Warner Bros. , has its days numbered. Now that New Line is history and Warners, like many studios, has faced increasing cutbacks, it may give short shrift to the shingles responsible for handling artier fare. Along with Picturehouse, this also includes Warner Independent Pictures, whose recent release slate includes David Gordon Green's magnificent Snow Angels . Defamer suggested that Picturehouse president Bob Berney might wind up at WIP or head up a new, currently anonymous company. On Friday, Variety 's Anne Thompson put it in more coherent terms : It appears quite likely that WIP and Picturehouse will merge together as a single company, with current WIP president Polly Cohen working alongside Berney. Whatever happens, let's just hope that the final result still leaves room for the sharp selection of independent and foreign titles that Picturehouse has handled since its birth three years ago. Defamer points out that Marion Cotillard's unexpected Oscar win for La Vie en Rose matters less than the flop of Run, Fatboy, Run , while the John Simpson-directed horror film A ...