Warner Brothers Shuts Down Indie Film Studios

Warner Brothers, a unit of TimeWarner, will continue to make independent films but said that the decision is a move will that will help the studio run more efficiently, according to Alan Horn, the studio's president and chief operating officer.

Ending the operations will mean a loss of 70 jobs from both companies, the studio said. Recently, Time Warner made the decision to fold the New Line Cinema studio into Warner Bros., cutting about 600 jobs.