USA Today reports that Time Warner is shutting down Picturehouse and Warner Independent Pictures for cost-cutting purposes. A Time Warner press release claims that, through its absorption of New Line Cinema earlier this year, it will be able to "handle films across the entire spectrum of genres and budgets without overlapping production, marketing and distribution infrastructures" according to COO Alan Horn.
Can us consumers believe them? Or is this just another media conglomerate sucking the artistry out of our lives?
Well, at least we still have HBO.
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