Sad sign of the times I suppose...
http://online.wsj.com/public/article...=2_1567_topbox
Quote:
In the latest sign that Hollywood studios are gun shy about the art-house movie market they once coveted, Warner Bros. said it is shutting down its two specialty film labels as part of a broader effort to streamline costs.
Warner Bros.' move to close the two boutique labels, Picturehouse and Warner Independent Pictures, comes just a few weeks after the company absorbed a third specialty label, New Line Cinema, into the main Warner studio operation.
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