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Friday, February 29, 2008

Time Warner consolidates Warner Bros. Entertainment, New Line Cinema to boost profits (AP)

Time Warner consolidates Warner Bros. Entertainment, New Line Cinema to boost profits (AP) - AP - 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.

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