Warner Bros.-Seven Arts

Warner Bros.-Seven Arts, Inc. was formed in 1967, when Seven Arts Productions acquired Jack Warner's controlling interest in Warner Bros. for $32 million^[1] and merged with it. The deal also included Warner Bros. Records, Reprise Records and the B&W Looney Tunes library (plus the B&W non-Harman and Ising Merrie Melodies). Later that same year, Warner Bros.-Seven Arts purchased Atlantic Records which was subsequently combined in 1970 with two other acquisitions, Elektra Records and its sister label Nonesuch Records, under a new holding company, Warner-Elektra-Atlantic, or WEA for short, also known as Warner Music Group.

It was once again renamed Warner Bros. in 1969 after Kinney National Company bought the conglomerate the year prior.

History

The head of production was Kenneth Hyman, son of Seven Arts co-founder Eliot Hyman. Their first film was Camelot and their last film Wait Until Dark. In 1967, DC Comics was purchased by Kinney National Company, Warner Bros.-Seven Arts purchased it later and became Warner Communications.

Sale to Kinney

Warner Bros.-Seven Arts logo in Technicolor (as seen on cartoons of the time)

Warner Bros.-Seven Arts was acquired in 1969 by Kinney National Company, who deleted "Seven Arts" from the company name, reestablishing it as Warner Bros. Due to a financial scandal over its parking operations, Kinney National spun off its non-entertainment assets in 1972 (as National Kinney Corporation) and changed its name to Warner Communications Inc., which has since merged with Time, Inc. to form Time Warner.

Filmography

See also

• List of record labels

References