Founded in 1961 as the book division of Time Inc., Time-Life took its name from Time Inc.'s cornerstone magazines, Time and Life, but remained independent of both. At the end of 2003, Time-Life was acquired by Ripplewood Holdings L.L.C. and ZelnickMedia Corporation to become part of Direct Holdings Worldwide L.L.C. Direct Holdings Worldwide operates as a leader in the sale of music and video products under the Time-Life brand.

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