As announced last week, New Line Cinema, the studio that brought us the Nightmare on Elm Street, Final Destination and Blade franchises, as well as the last few Friday the 13th and Texas Chainsaw Massacre films and the recent Spanish ghost story The Orphanage (via subsidiary Picturehouse), is being merged into Warner Brothers. While this means the shelving of many of the bigger-budget films that New Line had scheduled (some of which might be picked up by Warner), according to the LA Times, New Line will likely keep its smaller, horror, sci-fi and so-called "genre" films -- including the upcoming remakes/reboots of Friday the 13th and A Nightmare on Elm Street. In other words, New Line will probably function like The Weinstein Company's Dimension Films and Sony Pictures' Screen Gems, which feature modestly budgeted "low-brow" fare for us common folk. Hurrah!

Source: The Los Angeles Times

A Nightmare on Elm Street 2 photo © New Line Cinema