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More clarification from Maxpower at BR.com:

I should have clarified. NL will make their own announcement when they see fit, they are still a fully autonomous studio, but the BDA have made a deal with Time Warner and you can rest assured that it includes all studios operating under TW.


Woot. Just imagine how beautiful Rivendell, Minas Tirith, and the Grey Havens will look on Blu-Ray. :D