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July 19, 1990|From Times Staff and Wire Reports

Carolco, New Line in Distribution Agreement: Carolco Pictures Inc., best known as the company behind the "Rambo" films, agreed to have New Line Cinema Corp., the independent producer behind the smash "Teenage Mutant Ninja Turtles," distribute Carolco's small-to-medium budget films. The joint venture will operate under the new name of Seven Arts. Carolco's big-budget films will continue to be distributed through Tri-Star Pictures.

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