It was known as the house that Freddy built ... and now it's gone. Vanished. Absorbed whole into the corporate borg that is Warner Bros. It was announced yesterday that New Line Cinema, as we know it, is now dead. According to former chief Bob Shaye, it seems that WB will still use the New Line name for certain productions and / or pick-ups, but it probably won't be long before that idea is swallowed whole by Warner Independent Pictures.One can only assume that New Line subsidiary Picturehouse (formerly Fine Line) will also be absorbed, which is a shame because they've had a really impressive track record so far.

So while I'll always be grateful to New Line for giving me Freddy Krueger, Blade, Critters, Austin Powers and (of course) The Lord of the Rings, I thought it might be interesting to track back over ALL of the New Line, Fine Line, and Picturehouse releases and maybe even see what doomed the studio. Aside from withholding all those LOTR profits and inspiring a half-dozen very expensive lawsuits, of course. (And let's not forget: They distributed The Evil Dead, funded almost all of John Waters' films AND they bankrolled Boogie Nights, Pleasantville, Seven, and Dark City, so let's not talk too ill of the recently-deceased.) New Line celebrated its 40th anniversary last November, which means they set the "founding" year as 1967. At that point New Line was simply distributing old flicks to college campuses, but that all changed in the early '80s.

As a production company that we know and (sometimes) love, New Line was probably born in 1982, with the production and release of Jack Sholder's Alone in the Dark, a strangely amusing horror flick starring Jack Palance, Martin Landau and Donald Pleasance. From that small success, the die was cast; 1984 saw the arrival of A Nightmare on Elm Street and 1985 saw ... A Nightmare on Elm Street 2: Freddy's Revenge. This would prove to be New Line's m.o. for many years to come: One novel idea followed by several uninspired sequels.

There's been lots of talk behind the scenes regarding trouble with New Line Cinema, who took a massive hit late last year with The Golden Compass, and haven't had much luck at the box office throughout the past year. This afternoon, it was officially announced that New Line will now become part of Warner Bros., with New Line chiefs, Bob Shaye and Michael Lynne, officially stepping down. There are two announcements floating around: One is a press release, and the other is a note to New Line employees from Bob and Michael which just dropped into my inbox.

According to the internal letter, "New Line will maintain its own identity and will continue to produce, market, and distribute movies. But New Line will now do so as part of Warner Bros. and will probably be a much smaller operation than in the past. Time Warner hopes that operating New Line as a unit of Warner Bros. will allow New Line to focus on the creative side of movie-making, while reducing costs and taking advantage of Warner Bros.' distribution systems. The company will be holding group meeting with New Line employees tomorrow in Los Angeles and New York to discuss this announcement, and is committed to letting employees know as soon as possible about how this change affects them individually."

We here at Cinematical have some good friends over at New Line, and we wish them well in their future endeavors. For more on this, read the official press release here, and the internal letter after the jump ...

'Tis the season to get away from your family, bundle up with a gallon of moonshine (preferably one with "XXX" written on the label), and watch endless hours of movies! What follows is not a comprehensive or "Best Of" list. These are simply seven DVD box sets that any film buff would be thrilled to find in his or her stocking this Christmas. Most of them were released in the past few months, and a couple have been out a while but just got amazingly cheap. Have a few gifts left to buy? Consider picking one of these up. You don't even have to get off your fat ass, if you click on the titles you'll be taken to the links on Amazon. I've included items to suit every budget, and they've been arranged in order of price. Naturally, the more expensive the set you purchase, the more you love the person you're buying it for. That's just the way it works.

The Alien Quadrilogy ($33.99)

Pretty much the gold standard for DVD box sets. This collection's price recently took an incredible drop. It was worth every penny of the $80 bucks I paid for mine years ago, so you can better believe it's worth $34. The set gives you several versions of each film in the beloved Alien series -- Alien (one of the best suspense movies ever made), Aliens (one of the best action movies ever made), Alien 3 (David Fincher's misunderstood take is a stronger movie with each viewing), and Alien: Resurrection (Nobody's perfect). An unprecedented amount of extra goodies that includes the amazing Director's Cut of Aliens, extremely cool fold-out packaging, and the absence of Alien Vs. Predator make this set a must-own. I've owned it for four years, and still haven't seen everything in there. Plus, don't you just love the word "Quadrilogy?"

What is it with New Line and trilogies? Bob Shaye had originally planned to film all three of Philip Pullman's Dark Materials books -- hard to say if that will come to pass now, after the weekend grosses -- and now the British press is reporting that New Line also plans to make three Sex and the City movies. According to the Daily Mail, "the producers are already working on a script for a second movie" and "they are exercising the sequel option in all of the stars' contracts. They want it to be a franchise and they think they can stretch it over at least three movies." Isn't that a little hasty? I'm not suggesting Sex and the City isn't popular, but is it popular beyond a very special upper-middle-class lady-who-lunches type of demographic? Do we know for sure whether the success of the TV show will translate into theatrical success? Nope.

Meanwhile, although the film just recently wrapped shooting in Manhattan, a trailer has already been cranked out and thrown to the public. Why so early? Some are speculating that the crafty Shaye may have planned this a little bit in advance to offset an expected less than thrilling opening weekend for The Golden Compass. I guess the idea was to say "Look, here's another reason to extend my contract beyond 2008!" Sex and the City is being hastily assembled as we speak for an early summer release, and if there is a catfight between Sarah Jessica Parker and Kim Cattrall at the press junket, we will bring it to you live.

At an admitted production cost of $250 million, which may not even include marketing, The Golden Compass needed a smashing domestic opening weekend just to allay fears that it would cause major long-term problems for a struggling New Line Cinema. Instead, it pulled in an alarmingly low $26 million this weekend at a whopping 3,500 theaters, much closer to Eragon's disasterous $23 million opening weekend last Christmas than the $65 million opening weekend for the first Chronicles of Narnia film or the routine $90 and $100 million openings for the Harry Potter films. (The lowest opening weekend for a Lord of the Rings film was $47 million.) With muted buzz at best, expect Golden's numbers to plummet next weekend, especially with a new crowd of pre-Christmas contenders packing in, and total domestic box office to top out at around $80 million. Ouch.

Over at Nikki Finke's blog, she's declaring Golden a "wildly expensive flop" and specifically citing a low per screen average, which is another indicator that this thing will have no legs and certainly won't do well enough to warrant those two sequels. In fact, coming on the heels of other huge disappointments for New Line like Shoot em Up (a $5 million opening weekend) and Rendition (a $4 million opening weekend) and Mr. Woodcock (an $8 million opening weekend), this will likely spell the end for New Line chairman Bob Shaye, who shareholders already want to dump because of his ridiculous feud with golden goose Peter Jackson.

If there's any saving grace for this boondoggle, it will be international box office, which is important for a film like The Golden Compass. Even though the film may need to pull in over $700 million internationally just to be in the black, the Guardian is reporting that first day grosses in British cinemas were very healthy. The film has already grossed $4.3 million in Britain, which is very substantial, and a good indicator of how it will fare across Europe.

In what the Hollywood Reporter calls an "intense bidding war," New Line Cinema has apparently laid claim to a new comedy script currently called Multiple Mary. The essentials of the apparent golden script focus around a girl with multiple personality disorder who falls in love with two different fellas (one for each personality, you see) who just happen to be -- wait for it -- best friends! Apparently, however, the script is not that good, because after shelling out a whopping $2 million for rights, New Line immediately turned the script over to successful comedy writer and frequent New Line buddy Scot Armstrong. Armstrong has written or worked on a number of successful New Line flicks, and can "attract comedic talent," having written projects for Will Ferrell, Ben Stiller, Vince Vaughn and Owen Wilson.

Bringing on Armstrong as a writer would seem to indicate the studio wants to go after some of the aforementioned comedians for the project, meaning we're likely staring down the barrel of another Frat Pack movie. Is this a bad thing? No, not at all. Like most of America, I tend to be generally entertained -- but not blown away -- by the Frat Pack team. I'd love to see some new comedic talent pop up on the radar, however. Any young actors out there who you could see stepping up for a break-out comedy performance?