Nightmares, Turtles And ProfitsBy
Times are tough in Hollywood, with profits tumbling, ticket sales dropping, and movie financing drying up. Yet there is a small studio, New Line Cinema Corp., that's going like gangbusters. A onetime distributor of such cult movies as The Texas Chainsaw Massacre and Reefer Madness, New Line has grown into Hollywood's strongest independent studio through its horror series, A Nightmare on Elm Street, and last year's phenomenally successful Teenage Mutant Ninja Turtles. Indeed, with $135 million in ticket sales, Turtles, based on a comic book about crusading radioactive reptiles, was the highest-grossing film ever distributed by an independent studio.
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