News for Dec. 01, 2000
Latest Flop Caps a Painful Year at New Line Cinema
12/01/00, 10:54 pm EST - Xoanon
They spoke with Michael Lynne, one of the head honchos at New Line, concering LOTR, Lynne said:
On "Lord of the Rings," Lynne says "we have close to $180 million in international guarantees," plus merchandising advances and tax-incentive deals in New Zealand and elsewhere that limits New Line's financial exposure on production "to not more than $20 million a picture."
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