Film: New Line Gets the Axe From WB

New Line, the former independent film studio founded 40 years ago by Bob Shaye, is being shuttered by corporate parent Warner Bros. The New Line label will still be used and its current slate of films will be released but it will no longer function as a separate entity.

New Line started off distributing off the shelf films and midnight movie fare by pioneering auteurs like John Waters. The 80s saw them scoring with genre fare like the Nightmare on Elm Street movies. Their biggest triumph came with Peter Jackson's ambitious Lord of The Rings trilogy which grossed billions worldwide. Shaye would subsequently have a very public falling-out with Jackson over profit reporting that grew to entangle the possible Hobbit prequel.

Music: Yet More Radiohead News

Radiohead's Thom Yorke: "Hmm chocolate rain...I like the sound of that..."

Radiohead have decided to release their new album In Rainbows as a conventional CD after all, sparking a bidding war between their old label Capitol, independent ATO and Warner Bros. No release date has been set but it is thought to be targeted for before year's end.