February 28, 2008 / 9:26 PM / 9 years ago

New Line Cinema to become unit of Warner Bros

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NEW YORK, Feb 28 (Reuters) - Time Warner Inc (TWX.N) said on Thursday it will consolidate its New Line Cinema film studio under Warner Bros. Entertainment.

New Line's Co-Chairmen and Co-CEOs Robert Shaye and Michael Lynne have elected to leave the studio, which will become a unit of Warner Bros., but are in discussions about possible future business relationships with the company, Time Warner said. (Reporting by Tiffany Wu, editing by Phil Berlowitz)

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