Latest Flop Caps a Painful Year at New Line Cinema
Ringer Spy Sparrowhawk sends in word on an article that appeared in the Altavista Entertainment website. The article goes into detail regarding New Line Cinema’s ups and downs this year regarding box office success.
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.”
Read the entire article here. [More]Posted in Old Main News on December 1, 2000 by xoanon