From IMDB: Time Warner executives are considering folding New Line into its Warner Bros. division or keeping the brand as a separate production unit with Warner Bros. handling its distribution, the Wall Street Journal reported today (Monday), citing people familiar with the situation. The newspaper said that in either scenario, New Line would be reduced to producing low-budget films as it once did instead of blockbusters like its recent Lord of the Rings trilogy. The Journal did not indicate what would become of The Hobbit, the Lord of the Rings prequel, which New Line is scheduled to produce this year.

J.R.R. TolkienNew Line Cinema is being sued once again over royalties relating to The Lord of the Rings trilogy. This suit also has the possibility of derailing any Hobbit movies currently in the works.

The plaintiffs seek more than $150 million in compensatory damages, unspecified punitive damages and a court order giving the Tolkien estate the right to terminate any rights New Line may have to make films based on other works by the author, including “The Hobbit”

Uh oh! Not good for Tolkien fandom. Read the full story through the following link and talk about it with other fans in our forum! [ Tolkien Estate Sues New Line Cinema]

Chocolate Fish Cafe to Close? Kristin Thompson writes: Time Warner CEO Jeffrey Bewkes has made some statements about apparently downsizing New Line. I’ve tried to make sense of those and offer some relevant background on The Frodo Franchise.

Dominic Monaghan to Become Someone's 'Pet' Dominic Monaghan has landed the lead role in Edna McCallion’s psychological thriller “Pet” for MGM. Monaghan will play Seth, a man who bumps into his old high school crush and quickly becomes obsessed with her. He takes her captive underneath the animal shelter where he works but soon suspects that his old flame is not who she seems to be. Dominic Monaghan to Become Someone’s ‘Pet’