When was New Line Cinema established and by whom?
New Line Cinema was established on the 18th of June 1967 by Robert Shaye. He operated the company from his apartment at 14th Street and Second Avenue in New York City.
New Line Cinema was established on the 18th of June 1967 by Robert Shaye. He operated the company from his apartment at 14th Street and Second Avenue in New York City.
A Nightmare on Elm Street released in 1984 earned over $57 million worldwide to earn New Line Cinema the nickname The House that Freddy Built. This success led to a franchise that generated $500 million globally before adding another $250 million with subsequent films.
Turner Broadcasting System acquired New Line Cinema for $500 million on the 28th of January 1994. The studio remained a separate entity after this purchase until Turner later merged with Time Warner Entertainment in 1996.
The Lord of the Rings trilogy became the most successful films ever produced by New Line Cinema. These movies grossed over $2.9 billion worldwide and won seventeen Academy Awards including Best Picture for The Return of the King released in 2003.
Time Warner CEO Jeffrey Bewkes announced New Line Cinema would cease operations as a separate studio on the 28th of February 2008. Robert Shaye and Michael Lynne stepped down from leadership positions following this decision due to box office disappointment from The Golden Compass.