Unlike other independent studios such as Orion Pictures , Carolco Pictures , or Cannon Films , New Line Cinema has grown and prospered to become one of Hollywood 's major film studios , culminating in the hit Lord of the Rings film trilogy that brought prestige to the studio . Unlike other independent studios such as Orion Pictures , Carolco Pictures , or Cannon Films , New Line Cinema grew and prospered to become one of Hollywood 's major film studios , culminating in the hit Lord of the Rings film trilogy that brought commercial success to the studio .