in-gobblings

Breaking: Troubled New Line Absorbed Into Warner Borg

Seth Abramovitch · 02/28/08 05:11PM

This just in! Bob Shaye and Michael Lynne, the heads of troubled™ studio New Line, having learned the hard way of what comes of placing too many eggs into flying-reptile and fighting-polar-bear baskets, have just issued an e-mail to all of their employees. In it, they announce with resignation that the plucky mid-sized studio is now "a unit" of faceless entertainment multiconglomerate Warner Bros. The Co-CEOs will also be stepping down, and with the New New Line being a "much smaller operation than in the past," we suspect many staffers will be doing the same, whether they want to or not. The full e-mail begins below, and continues after the jump.