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New Line Takes Breather After ‘Rings’ Windfall

January 5, 2005 at 8:58 pm by xoanon  - 

LOS ANGELES (Hollywood Reporter) – New Line Cinema, under the leadership of co-chairmen Robert Shaye and Michael Lynne, couldn’t have begun 2004 on a higher note. Peter Jackson’s “The Lord of the Rings: The Return of the King,” the culminating 2003 installment in his magisterial trilogy, amassed $377 million domestically — $86.6 million of that accrued to New Line’s 2004 accounts. More importantly, the movie scored a clean sweep at the Academy Awards, winning all 11 categories in which it was nominated, including best picture. But that left New Line facing a question: What to do for an encore? The studio’s answer was to hunker down, release some movies and begin planning. [More]

Posted in Old Main News on January 5, 2005 by

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