Toby Emmerich to run New Line?

March 13, 2008

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, planned New Line pics “The Hobbit” and proposed sequels to “Wedding Crashers” and “Austin Powers” would exceed the $50 budget guideline. An existing exec staff of 15 will likely be pared to as few as four.