Article: New Line's journey from crass to class. (New Line Cinema)

When it was founded three decades ago, New Line Cinema was a tiny boutique delivering such edgy fare as "Pink Flamingos" and "Reefer Madness." Later, it became the low-rent home of the bloodcurdling Freddy Krueger.

No more. New Line has gone from the trailer park to the penthouse. Last year alone, the studio released a roster of films that garners eight Oscar nominations, including "Wag the Dog," "Boogie Nights." "Deconstructing Harry." and "The Sweet Hereafter."

And the studio is poised to score yet another success with its long-awaited release, "Pleasantville," which opened last Friday and is expected to grab its own share of Oscar nominations.

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