Emmerich to front reconfigured New Line

( Reuter )- Toby Emmerich has been named president and chief operating officer of New Line and will lead its reorganization as a stand-alone production entity under the Warner Bros. umbrella. The move had been expected.

Wednesday's announcement clarifies what the new, smaller New Line will look like. Since new Time Warner CEO Jeff Bewkes said in February that the unit would be absorbed by Warners, New Line had been operating in a state of limbo, with executives and other employees uncertain about their future.

With Emmerich's appointment, New Line will continue to maintain its own development, creative and production teams, though in a much pared-down incarnation. It will release about six films a year and have a discretionary fund to buy scripts and books, though it will be cut back considerably from the $40 million to $50 million it had under former company heads Bob Shaye and Michael Lynne.

Emmerich, who will report to Warner Bros. president and COO Alan Horn, is expected to oversee a slate that will focus more on horror movies and low-budget comedies than the moderate-budgeted fare New Line had been producing in recent years. But it won't be limited to those genres and might, on occasion, be allowed to stretch its budgetary restrictions if A-listers are interested in a particular project that requires a commitment beyond the new spending caps.

The company will continue working with MGM on its two-film adaptation of "The Hobbit."

New Line is expected to further define its executive ranks in the coming weeks, with the roles of such senior execs as COO Mark Ordesky and senior executive vice president Richard Brener hanging in the balance. Rolf Mittweg, president and COO of worldwide marketing and distribution, and domestic distribution president David Tuckerman are expected to leave in the coming months.

New Line 2.0 will keep its own marketing, publicity, distribution, business and legal affairs and physical production divisions; all will report to Emmerich but will closely coordinate their activities with their Warners counterparts in order to keep costs low.

The company will maintain its headquarters on Robertson Boulevard and not move to Warner Bros.' Burbank lot.

Warners opted to turn the reins over to Emmerich partly because of his experience as the company's head of production, a position he has held since 2001, and partly to ensure a sense of continuity.

Though the company will refocus itself on horror and genre fare, Emmerich has in the past publicly stated his dislike for those kinds of movies. During his tenure, New Line produced fewer genre offerings like the "Nightmare on Elm Street" franchise on which it once relied. Instead, it steered toward mid-range thrillers and comedies with budgets in the $30 million-$70 million range.

A handful of hits resulted, such as "Wedding Crashers," which grossed more than $209 million domestically, as well as "Elf," "The Notebook" and "Hairspray." But Emmerich's strategy of working the middle ground, ceded by bigger studios concentrating on tentpole titles and by smaller outfits making horror and urban comedies, also resulted in long dry spells at the box office.

New Line, perhaps realizing that there is gold in the horror hills, already had begun to return to the genre. In January, it engaged the production company Platinum Dunes to relaunch the "Nightmare" franchise, and last year, it began developing a revamp of "Friday the 13th" with Paramount. It also recently began production on "Final Destination 4."

Emmerich joined the company in 1992 as a dual development and music executive. He oversaw development for such films as "Boogie Nights," "Friday," "Dumb and Dumber" and "I Am Sam," among others.

Brexit goes down to the wire: EU and UK say big differences remain
Brexit goes down to the wire: EU and UK say big differences remain
Export of grain and legumes by Turkey to Iran down
Export of grain and legumes by Turkey to Iran down
Turkey registers nearly 30,000 new coronavirus cases as recoveries surpass 390,000
Turkey registers nearly 30,000 new coronavirus cases as recoveries surpass 390,000
Loading Bars
Brexit goes down to the wire: EU and UK say big differences remain
Iran expected to reduce potato production
Azerbaijan national team won silver and bronze medals at 36th European Championship in Ukraine
Diesel fuel production down in Azerbaijan
Кazakhstan Electricity Grid Operating Company opens tender to buy batteries
Export of grain and legumes by Turkey to Iran down
Turkey registers nearly 30,000 new coronavirus cases as recoveries surpass 390,000
Kazakhstan has high hopes for homegrown COVID-19 vaccine - Minister
Georgia expect stabilization of pandemic with the expansion of restrictions
Iraq reports 2,545 new COVID-19 cases, 547,215 in total
Resolution adopted by French Senate is gross violation of int'l law - Honorary Member of French Parliament
Erdoğan urges public caution against COVID-19 in Turkey amid violations
76 Iranian professors among world top 2% scientists
Monetary policy in Georgia remains tightest among CIS - Renaissance Capital
Representatives of Kyrgyzstan take part in XVIII meeting of CSTO ICMEC
Britain records 16,022 new coronavirus cases, 521 new deaths
Azerbaijani gymnasts reach finals of 36th European Championship in Rhythmic Gymnastics in Ukraine
Turkish political parties condemn French Senate’s resolution on Karabakh
World Maritime University, Georgia aim to develop maritime education, capacity-building activities
Georgia makes giant strides in transposition of energy efficiency acquis
Cash receipts from Azerbaijan to Georgia increases
Number of debit cards in Azerbaijan increases
Uzbekistan increases raisins export to Netherlands
Georgia to subsidize wheat flour price
IAEA to implement multiple projects in Georgia
Uzbekistan, Hungary consider establishing Uzbek-Hungarian Business Council
Uzbekistan confirms repayment schedules on ADB loan for solid waste cleaning
Percentage of problem loans in Azerbaijan down
Eni Turkmenistan Ltd opens tender for vehicles provision
Tree-planting campaign continues in Azerbaijan's Gubadli (PHOTO)
Azerbaijan raises commercial gas production
COVID-related quarantine may be strengthened in Kazakhstan in December
German Bundestag welcoming cessation of hostilities in Karabakh for sustainable peace
Spain names main Turkmen sectors of its interest
Iran to follow FATF-related bills
French Development Agency puts emphasis on increasing solar and wind capacity integration in Georgia
Putin to hold annual press conference via video link on December 17
Share of Austria in total import of Azerbaijan increases
Kazakhstan, Canada discuss prospects for agriculture co-op
Iranian Aras Free Trade Zone reveals its trade surplus
Modernization of primary gas treatment unit carried out at Uzbek oil field
Ambassador of Mexico meets with Azerbaijani Acting Minister of Culture
Azerbaijan supplying drinking water to liberated Shusha city (PHOTO)
Azerbaijan consistently works to strengthen regional cooperation - MFA
Azerbaijan's import of chemical products from Turkey up
Conflicts, external aggression threaten peace, security - Azerbaijani FM (PHOTO)
Azerbaijani Minister of Economy receives Qatari ambassador (PHOTO)
Iran's industrial cities work at minimum capacity
U.S. agency opens probe into 115,000 Tesla vehicles over suspension issue
Turkey discloses Istanbul Airport's ten-month passenger traffic volume
Japan ruling party proposal backs assistance for COVID-hit airlines
Iran's Social Security Organization to forgive insurance fines of employers
Elbit Systems wins Spanish Army radio deal
Putin meets RSC members to discuss Russian peacekeepers' activities in Karabakh
Uzbek metallurgical plant switches to int’l financial reporting standards
New company established in Azerbaijan's Sumgayit city
Iran to close public offices amid COVID-19
Volume of industrial lending in Azerbaijan grows
Azerbaijani 'Maestro Niyazi' dry-cargo ship repaired and tested
France-24 TV channel broadcasts reportage about liberated Fuzuli district of Azerbaijan (VIDEO)
Small state enterprises, vehicles to be auctioned in Azerbaijan
Uzbek Ministry of Finance eyes setting excise tax on sugar imports
New electronic services to be introduced in Turkmenistan's banking system
Oil bitumen imports decrease to Georgia
10M2020 cargo, passenger traffic in Turkish Esenboga Airport drops
Discovery of Turkmen scientists expected to make unique contribution to healthcare system on global scale
Azerbaijan detects 3,712 new COVID-19 cases, 1,359 recoveries
World to need at least 1.1 trillion barrels of hydrocarbons over next 20 years
Kazakhstan decreases crude petroleum oil supplies to Netherlands
Number of construction enterprises, organizations in Uzbekistan up
Central Bank of Azerbaijan reveals data on population's deposits
Georgia sees decrease in import of aviation fuel
Oil & gas industry is not at risk of being starved of capital
Nearly half of bank deposits in Azerbaijan made in foreign currency, says CBA
Turkmen Health Ministry opens tender for medical supplies purchase
Iran Parliament speaker obliges gov't to implement “People's Livelihood Protection Act” as soon as possible
Luxury hotels to be created in Nagorno-Karabakh region
Azerenerji OJSC implementing essential project in Karabakh, adjacent districts
Gold, silver prices in Azerbaijan down
Kazakhstan's Kazatomprom sees threefold increase in profits
Turkey's VP talks current defense-related projects
Iran to join several countries in coronavirus vaccine development
Cybersecurity - one of main objectives of Georgia - Energy Community Secretariat report
UNDP office in Uzbekistan to buy agricultural equipment via tender
Central Bank of Azerbaijan plans to raise funds at deposit auction
Azerbaijan's Central Bank reveals year-on-year data on lending to household sector
Facebook cryptocurrency Libra to launch as early as January but scaled back
“Investment Treaty” intensively negotiated between Georgia and Japan
ACG oil transshipment from Ceyhan terminal exceeds 190 million barrels
Turkmenistan prepares project for intellectual property system dev’t
Prime Minister Modi inaugurates RE-Invest 2020
TAP is operational and can deliver gas, says managing director
Uzbek Anti-Crisis Fund expenses up due to extended COVID-9 resistance
Ruling coalition in Germany stands for Berlin’s participation in promoting peace in Nagorno-Karabakh
Azerbaijani gymnasts in group exercises reach final of European Championship in Ukraine
Azerbaijan's labor ministry, Azermash Group LLC sign tender contract
Iran reduces imports of chemicals from Turkey
Plastic cards becoming more popular in Kazakhstan
Turkish Ombudsman Institution prepares special report on Armenia's war crimes against Azerbaijan (PHOTO)
Turkmenistan prepares project aimed at developing energy diplomacy
All news