![]() ![]() In 1980, Shaye's law school classmate Michael Lynne became outside counsel and adviser to the company and renegotiated its debt. Although not considered a critical success, the film performed well commercially on the international market and on television. In 1976, New Line secured funding to produce its first full-length feature, Stunts (1977), directed by Mark L. ![]() The studio has also released many of the films of John Waters. New Line also released many classic foreign-language films, like Stay As You Are, Immoral Tales and Get Out Your Handkerchiefs (which became the first New Line film to win an Oscar). One of the company's early successes was its distribution of the 1936 anti-cannabis propaganda film Reefer Madness, which became a cult hit on American college campuses in the early 1970s. Shaye operated New Line's offices out of his apartment at 14th Street and Second Avenue in New York City. New Line Cinema was established in 1967 by the then 27-year-old Robert Shaye as a film distribution company, supplying foreign and art films for college campuses in the United States. 1.4 Acquisition by Turner and Time Warner. ![]()
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