‘The Hobbit’ is Safe! (And Other Grim Fallout from New Line’s Demise)

By Defamer Hollywood on March 1, 2008 at 3:27 AM

The forthcoming evisceration of New Line Cinema announced yesterday by founding bosses Bob Shaye and Michael Lynne was expected for a while now, but where the pieces would fall was anyone’s guess. It still is to some degree, but as the grim news settles in and Time Warner overlord Jeff Bewkes’ intentions come to light, we can start parsing the good, bad and the ugly wrought from New Line’s demise:

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