Time Warner cuts costs, absorbs New Line Cinema

Entertainment and media industry consolidation continues unabated:"Time Warner Inc announced that it is consolidating its two film studios, Warner Brothers and New Line Cinema, putting an end to the latter's 40-year run as an independent film studio. New Line Co-Chairmen and...

Michael Bay to Remake Nightmare on Elm Street

Platinum Dunes, a produciton company co-owned by megablockbuster director Michael Bay, is set to "relaunch" the Nightmare on Elm Street franchise.No! It's not just a dream!"Platinum Dunes partners Michael Bay,...

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