Shaye, who founded New Line in 1967 in his New York apartment, and Lynne will maintain offices in New York and at New Line headquarters in West Hollywood.
The Shaye-Lynne deal hasn’t been officially announced, with sources noting that the duo’s been attempting to raise additional financing prior to taking that step. Longtime New Line exec VP Mark Kaufman (“Hairspray,” “Take the Lead”) has joined the shingle.
Photo by Fabio Gianesi from Flickr
Business Insider Emails & Alerts
Site highlights each day to your inbox.