Indie Companies: New Line at Warner

March 12, 2008–As Warner figures out how to fold New Line Cinemas operations into the studio, WB brass is courting New Line production prexy Toby Emmerich to run a scaled-down version of New Line.

WB is in talks with Emmerich to preside over a reconstituted New Line that would make six to eight pictures per year with budgets below $50 million. However, New Line films like “The Hobbit” and proposed sequels to “Wedding Crashers” and “Austin Powers” would exceed the $50 budget. An existing exec staff of 15 will likely be pared to four.

Emmerich, who is likely to take the job, would steer a much smaller unit. Meanwhile, outgoing New Line toppers Bob Shaye and Michael Lynne have approached a few about coming with them to start a new company.