New Line Merges With Warner Brothers

VARIETY.COM: Warner Bros. gobbles up New Line
Company ends 40-year run as indie studio
By VARIETY STAFF - Posted: Thurs., Feb. 28, 2008, 1:22pm PT

New Line’s 40-year run as an independent studio ended Thursday when Time Warner said it would fold the company into Warner Bros. New Line will become a unit of Warners, maintaining separate development, production, marketing, distribution and business affairs operations.

Co-toppers Bob Shaye and Michael Lynne are ankling but are in talks to continue some business relationship with Warners.

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I've been told that Warners bought New Line (Turner Entertainment) in 1996, so I'm not sure what folding the studio into Warners' film division will mean.