From IMDB: Following a planned meeting this week with new Time Warner Chairman Jeff Bewkes, New Line Cinema founders Bob Shaye and Michael Lynne are expected to be terminated and New Line’s projects, including The Hobbit, folded into Warner Bros., L.A. Weekly columnist Nikki Finke reported on her Deadline Hollywood Daily blog Monday, citing no sources. With the exception of last year’s Hairspray, New Line has had a nearly uninterrupted string of financial failures since its Lord of the Rings franchise ran out.

Oscar NominationsThe Oscar® Nominations are out today and two LOTR Alums have snagged nominations. First up, Viggo Mortensen, has landed a Best Actor Nomination for his role in ‘Eastern Promises.’ And continuing her critical success in 2008, Cate Blanchett has been nominated for two awards: Best Actress in Leading Role and Best Actress in a Supporting Role. The Oscars will air (maybe) on February 24th 8pm ET/5pm PT. Congrats to Cate and Viggo! [Complete Oscar Nominations]

Chocolate Fish Cafe to Close? Kristin Thompsonwrites: On “The Frodo Franchise” blog I’ve posted a story about how Joe Letteri was recently made a full partner in Weta Digital and what that implies about the stability of Peter Jackson’s filmmaking firms in Wellington. Basically the companies that grew so hugely as a result of The Lord of the Rings are still doing very well! New Kristin Thompson Blog

Cate Blanchett I’m Not thereCate Blanchett (Galadriel) has won the ‘Best Performance by an Actress In A Supporting Role in a Motion Picture’ Golden Globe for her role in the Bob Dylan themed movie, ‘I’m not There.’ Congrats to Cate on this ground-breaking performance and the Golden Globe win! [Golden Globes]