You’ve heard the rumors, and it now looks to be true. This afternoon Time Warner is expected to announce that New Line will become part of Warner Bros.

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We can only guess what this means for the Hobbit. Most likely though, the entire project will just be taken over by Warner Bros - so expect to see their logo on the new movies. Do note that this does NOT mean the end of New Line. It merely means that New Line will now be a division of Warner Bros, focussing on very specific genre movies - while Warner will take care of the mainstream movies.