Oscar-winning Picturehouse, WIP to close shop
May 8, 2008
Picturehouse and Warner Independent Pictures are closing, it was announced today by Alan Horn, president & COO of Warner Bros.
In a statement, Horn said, “With New Line now a key part of Warner Bros., we’re able to handle films across the entire spectrum of genres and budgets without overlapping production, marketing and distribution infrastructures. After much painstaking analysis, this was a difficult decision to make, but it reflects the reality of a changing marketplace and our need to prudently run our businesses with increased efficiencies. We’re confident that the spirit of independent filmmaking and the opportunity to find and give a voice to new talent will continue to have a presence at Warner Bros.
- From Variety
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