From In her first creative hire since becoming head of MGM’s worldwide motion picture group, Mary Parent has brought in New Line Cinema executive Cale Boyter as exec veep of production.

“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.”

Has the floodgate opened on the creative talent of New Line? If yes, how does it affect production of “The Hobbit?” Thanks to Board Member Compa Mighty for the link![Read More