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Article: Time Warner Links Warner Bros., New Line

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AP Online
Article date:
February 29, 2008
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Media giant Time Warner Inc. said Thursday its Warner Bros. Entertainment studio would absorb its New Line Cinema unit, an independent studio that redistributed quirky films like "Reefer Madness" and went on to make blockbusters like "The Lord of the Rings" trilogy.

New Line founder Robert Shaye and his co-chief executive, Michael Lynne, decided to leave the 40-year-old studio but were discussing possible future business deals with the conglomerate.

"New Line has been our respective life's work as well as our second family," Shaye and Lynne said in a joint statement. "While we're sad to be leaving, we're enormously proud to have overseen ...

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