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Picturehouse and Warner Independent close up shop

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A little more than two months after Warner Bros. announced that it was absorbing

mini-major New Line into a smaller unit of the studio, Warner Bros.

president and COO Alan Horn released a statement today saying that

Picturehouse and Warner Independent Pictures are ceasing operations.

(Warner Bros. and ENTERTAINMENT WEEKLY are both divisions of Time

Warner.) “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,”

Horn said. “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.”

According to the statement, management from both studios will be

meeting with Warner Bros. executives in coming weeks to determine the

status of movies currently in development as well as distribution of

already-dated films. Upcoming Picturehouse projects include Mongol (June 6), Kit Kittredge: An American Girl (in limited release June 20; wide release July 2), and The Women (Sept. 12).  Warner Independent’s upcoming releases include Towelhead (Aug. 8) and Slumdog Millionaire (limited release Nov. 7).

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