Turner Broadcasting System/Time Warner acquisitions

In 1994, New Line Cinema was acquired by Ted Turner's Turner Broadcasting System, which then merged with Time Warner in 1996. While fellow Turner-owned studios Hanna-Barbera Productions and Castle Rock Entertainment eventually became absorbed into Warner Bros. (though Castle Rock operates today as a subsidiary of WB), New Line was kept as its own entity until February 28, 2008 when Time Warner CEO Jeffrey Bewkes announced that New Line would become a subsidiary of Warner Bros. and that Robert Shaye and Michael Lynne would no longer be in charge of the company.[2]

In 2007, New Line Cinema and Castle Rock Entertainment collaborated on Fracture, their first joint venture since the mid-1990s before both companies were bought by Turner.