New Line, Einhorn Feted16 Jun, 2008 By: Erik Gruenwedel
CENTURY CITY, Calif. — A casualty of corporate restructuring last month by Time Warner Inc., New Line Home Entertainment and president and COO Stephen Einhorn June 16 received honors for 18 years of critical and commercial success.
Einhorn and key New Line staffers were recognized during a special dinner tribute at the seventh annual home entertainment summit, presented by Home Media Magazine.
Introduced by Ron Sanders, president, Warner Home Video, as a “moral, ethical, pure guy,” Einhorn was lauded for his “complete analysis of everything” that helped New Line Home Entertainment increase revenue from $41 million in 1991 (his first year) to more than $1 billion in 2004 — the latter due in large part to the “Lord of the Rings” franchise.
Einhorn gave special thanks to several New Line home entertainment personnel, including executives Rita Chiappetta, EVP, finance and accounting; Pam Kelley, EVP, sales; Ray Landes, EVP, finance and operations; Matt Lasorsa, EVP, marketing; Kevin Kasha, SVP, acquisitions and programming; Michael Mulvihill, SVP, content development; and Josh Sabarra, SVP, marketing communications and publicity.
Einhorn thanked New Line Pictures co-founders Bob Shaye and Michael Lynne for providing him with “latitude and opportunity” to help the studio become a leading independent packaged media company.
Einhorn couldn't resist a crack at the industry's expense and remarked that the hallmark of home entertainment has always included unending change (including layoffs).
“As I look out over this room and evaluate what has happened over the past few years, it is clear that there is nothing like a great gift bag to pull out a big crowd,” he joked.