Multiple timelines is not a reality yet (as of 2016's science and technology), but exists only in Marvel/DC universe. It is something that is used to explain the paradox of time-travel. If you go back in time and kill yourself, the paradox is that you can't do that since you have just wiped off the physical existence of your future self by doing that.
So, multiple timeline theory explains that there will be two continuous parallel realities - one in which you will stay alive, and another in which you will be dead. Time, essentially splits/branches like a river from the point in time where such an event occurred (Watch X-Men - Back to the Future if you need to understand this in detail).
I want to know what is the physics scientist's opinion in this regard? I've heard somewhere (Stephen Hawkings perhaps) that there is some evidence of multiple parallel universes. Can this explain the multiple timeline theory?