linebreaks|safe

[shacker]

I'm having trouble working out a way to use process_inlines in combination with with filters like linebreaks. Consider these three scenarios:

{% process_inlines item.story %}

Works, but other text in item.story does not get | linebreaks functionality.

{% process_inlines item.story as story %}
{{story|linebreaks|safe}}

linebreaks in text happen correctly but video embed code is displayed, not rendered.

{% process_inlines item.story as story %}
{{story|safe|linebreaks}}

linebreaks work and video embed is rendered, but if you view source you'll see that br tags are inserted after each line of embed code, and the block is inside a div inside a paragraph.

Is there a way to prevent linebreaks from operating on the code generated by process_inlines?

Thanks.