Warner Bros. has closed their direct-to-video department, Warner Premiere. The DTV production house, launched in 2006, was responsible for titles like Free Willy: Escape from Pirate’s Cove, Spring Breakdown, Return to the House of Haunted Hill, Lost Boys: The Thirst (and Lost Boys: The Tribe), Get Smart's Bruce and Lloyd: Out of Control and many others.
“Given the continuing decline in the direct-to-video film market and shifting business models in the production of digital series, the decision was made to close Warner Premiere,” the company said in a statement to TheWrap. “The division will continue and complete production on its remaining film and digital series project into the fall. In addition, the evaluation of potential digital content will be folded into Warner Bros. Digital Distribution, and Warner Bros. Animation and Warner Home Video will continue to produce and release animated films, such as Scooby Doo, Tom and Jerry and DC Universe.”
It's unclear if the final film project mentioned above was the recently announced sequel to A Christmas Story, arriving on home video in October. The studio will continue to focus their efforts on digital distribution and animated projects, like DC's upcoming release of The Dark Knight Returns: Part 1. The employees of Warner Premiere will be transferred to other departments.
Source : ign[dot]com
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