New Line Cinema, the production company behind The Golden Compass movie, have a new President. Toby Emmerich, previously a New Line production chief, has been named President and COO of the company and will be reporting directly to Alan Horn, President of Warner Bros, it was announced by Horn. Emmerich’s brief will be to reduce costs through extensive use of Warner Bros’ infrastructure. As a result of the restructuring, New Line will continue to retain all creative, development and production teams, while areas such as physical production, legal affairs and publicity will report directly to Emmerich in close conjunction with Warner Bros. There’s as yet no indication what this means for the future of the His Dark Materials film adaptations, but you can read the full story here.