New line cinema5/8/2023 ![]() ![]() Halfway through the year, Carolco Pictures, entered into a joint venture with New Line to start Seven Arts, a distribution company which primarily released much of Carolco's low-budget output. In early 1991, Fine Line Features was set up as a wholly owned subsidiary headed by Ira Deutchman and released films including Jane Campion's An Angel at My Table and Gus van Sant's My Own Private Idaho. In November 1990, New Line purchased a 52% stake in the television production company RHI Entertainment (now Sonar Entertainment), which would later be sold to Hallmark Cards in 1994. A third, Teenage Mutant Ninja Turtles III followed in 1993. ![]() It was followed by a sequel, Teenage Mutant Ninja Turtles II: The Secret of the Ooze (1991) which was the second highest-grossing with a gross of $78 million in the United States and Canada. The same year, New Line released Teenage Mutant Ninja Turtles which became the highest-grossing independent film of all-time with a gross of $135 million in the United States and Canada. In 1990, Lynne became president and chief operating officer, with Shaye as chairman and chief executive officer. The first six grossed $500 million worldwide and the next three $250 million, for a total of $750 million. The third film in the series, A Nightmare on Elm Street 3: Dream Warriors, was released in 1987, the studio's first national release, and opened at number one, grossing $8.9 million for the weekend, a record for an independent film at the time, and went on to gross almost $45 million at the US box office. A year later, A Nightmare on Elm Street 2: Freddy's Revenge was released, and grossed $3.3 million in its first three days of release and over $30 million at the US box office. The film was made on a budget of $1.8 million and grossed over $57 million. The resulting franchise was New Line's first commercially successful series, leading the company to be nicknamed "The House that Freddy Built". A Nightmare on Elm StreetĪ Nightmare on Elm Street was produced and released by New Line in 1984. Polyester was one of the first films to introduce a novelty cinema experience named Odorama, where members of the audience were provided with a set of "scratch and sniff" cards to be scratched and sniffed at specific times during the film, which provided an additional sensory connection to the viewed image. ![]() New Line expanded its film production in the early 1980s, producing or co-producing films including Alone in the Dark and Polyester, directed by John Waters. In 1980, Shaye's law school classmate Michael Lynne became outside counsel and adviser to the company and renegotiated its debt. Although not considered a critical success, the film performed well commercially on the international market and on television. In 1976, New Line secured funding to produce its first full-length feature, Stunts (1977), directed by Mark Lester. The studio has also released many of the films of John Waters. New Line also released many classic foreign-language films, like Stay As You Are, Immoral Tales and Get Out Your Handkerchiefs (which became the first New Line film to win an Oscar). One of the company's early successes was its distribution of the 1936 anti-cannabis propaganda film Reefer Madness, which became a cult hit on American college campuses in the early 1970s. ![]() Shaye operated New Line's offices out of his apartment at 14th Street and Second Avenue in New York City. New Line Cinema was established in 1967 by the then 27-year-old Robert Shaye as a film distribution company, supplying foreign and art films for college campuses in the United States. ![]()
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