“Boyter became available following last month’s decision by Time Warner chief Jeffrey Bewkes to remove New Line co-toppers Bob Shaye and Michael Lynne, and reform New Line as a downsized mini-major that will make six to eight films per year with budgets under $50 million, along with “The Hobbit” and proposed sequels to “Wedding Crashers” and “Austin Powers.” …Though New Line vet Toby Emmerich signed on to run the new division under Warner Bros. aegis, New Line is expected to lose the majority of its 600 staff positions, and numerous creative executives have been taking meetings. It would not be surprising if others land at MGM.”