From: The folks at Corona

Michael DeLuca has stepped down as head production burrito at New Line Cinema after eight years. 2000 was not a very stellar year for the studio, with films like Little Nicky nowhere near recuperating its costs and Dungeons & Dragons not living up to expectations. As a result, DeLuca is out and is expected to be succeeded by New Line music president Toby Emmerich, who also scribed Frequency for the studio. No definite word yet on what DeLuca will do next, though he has been offered a production deal at the studio.