“Picturehouse is in divorce proceedings with parent company HBO. The specialty film venture, now jointly run by Time Warner divisions HBO and New Line Cinema, will break virtually all ties with the cable network in the next one to three months as legal details are finalized,” Gregg Goldstein reports in the Hollywood Reporter this afternoon. “Picturehouse will remain solely under New Line’s oversight. Company sources say the split, in the works for several weeks, evolves from HBO’s desire to remove itself from in-house theatrical releases following a string of underperforming Picturehouse films and several other slated projects which never hit theaters.” indieWIRE contacted Picturehouse for independent confirmation Wednesday, however a company spokesperson could not confirm the shift.
HR: Picturehouse out from under HBO’s roof
HR: Picturehouse out from under HBO's roof
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