"New Line and HBO have acquired Newmarket's theatrical distribution unit from co-founders William Tyler and Chris Ball," reports Variety today. "The deal effectively shutters Fine Line, which served as New Line's indie arm."

Newmarket's Bob Berney will run the new entity, which will operate out of New York

"The deal marks a major foray by Time Warner into the indie arena," according to Variety, "and effectively shuts the door on Paramount's efforts to reinvent its presence in the same indie space." (Paramount reportedly had its eye on Newmarket prior to New Line and HBO's acquisition of the company.)
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# posted by Steve Gallagher @ 3/24/2005 11:06:00 AM

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