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Warners axes Picturehouse, WIP


May 09, 2008 After Warner Bros. absorbed New Line as an in-house production label, industryites wondered which Warners specialty unit would be kept, Warner Independent Pictures or Picturehouse. In a move that sent ripples of shock around town, Warners said it is was shuttering both divisions, citing cost savings and an elimination of redundancies. The 11-year Warners vet's contract runs for about two more years, and she will stay within Warners for now, though she's unclear in what capacity.

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