Simplify the following text for a Grade 16 native English-speaking person.
Original: New Line Cinema operated several divisions , including theatrical distribution , marketing , home video , and a unit specializing in independent film called Picturehouse ( formerly known as Fine Line Features ) with fellow Time Warner subsidiary HBO .
Simplified: New Line Cinema operated several divisions , including theatrical distribution , marketing , home video , and was a partner in a new ( and relatively short-lived ) distribution company called Picturehouse .