Logo descriptions by Lenhill Logo captures by Bob Fish and snelfu Video capture courtesy of Eric S.
Background: This was the indie-movie arm of Warner Bros. Entertainment established in 2003 to produce and distribute independent film and documentary releases. After New Line became a subsidary of Warner Bros., Hollywood press thought that WIP and Picturehouse (the indie film divisions of WB and New Line/HBO respectively) would be merged into each other. Then, as punishment, TimeWarner shut down both divisions.
(2003-2008)
Nickname: "Abstract WI"
Logo: First, we see the WB shield logo. Then, after a second, the shield and the B fade out leaving the W. The W moves to the right until stopping in the middle of the screen. A red or gray light glows and forms a dot above the 2nd stem of the W as "WARNER INDEPENDENT PICTURES" wipes in below with "INDEPENDENT" in red or gray. The byline "A TimeWarner Company" fades in seconds later.
FX/SFX: The fade out of the shield and the red light. Kinda simple, but effective.
Music/Sounds: None, but in other cases, it used a majestic opening sounder.
Availability: Common; can be seen on a lot of indie releases from Warner including March of the Penguins and A Scanner Darkly. The last film WIP made was Chaos Theory, which uses this logo.
Scare factor: Minimal; it's rather dark, and no music (on some films) doesn't help either, but this logo's mostly harmless. It's a pretty popular logo.