New Line's Survivor Party: We regret overlooking this story Tuesday afternoon, but the news that New Line plans its annual summer party despite pink-slipping its founders (and more than 500 other staffers) in April can't really get old, can it? Especially not with the party coming up tomorrow night at SkyBar of all places — a $35,000 fete for 45 people, according to Nikki Finke, with whom "studio insiders" debate the figure and argue that "[e]ven in the worst years New Line always had that party. ... Toby [Emmerich] felt like the summer party is part of New Line's DNA and to change that is a mistake." OK, but this is the last time: Expect Warner Bros. to absorb the party planning and invitation distribution duties in 2009, only to push the event back to 2010 when its other parties that year threaten to underperform. [DHD]

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Now you, too, can get in on the ground floor of a major Hollywood investment opportunity: Deposed New Line kingpins Bob Shaye and Michael Lynne are coming back! Maybe! That's where you come in, according to Nikki Finke:

At one point very early on, the duo were talking about starting another New Line (and Ted Turner offered to put up some money), but I've since been assured they have given up on that dream/nightmare. Since they pocketed an extremely generous payout from [Jeff] Bewkes (unlike all those other axed NL'ers penny-pinched by Time Warner), that's what is being used to fund the new operation for the moment. But even though Bob and Michael are centi-millionaires, they're still intent on using that tried and true Hollywood formula to fund their new operation: Other People's Money.

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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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