Warner Bros.-Seven Arts
From The Art and Popular Culture Encyclopedia
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Warner Bros.-Seven Arts was formed in 1967, when Seven Arts Productions acquired Jack Warner's controlling interest in Warner Bros. for $95 million and merged with it. The deal also included Warner Bros. Records, Reprise Records and the B&W Looney Tunes library (plus the first Merrie Melodie, Lady, Play Your Mandolin!). Later that same year, Warner Bros.-Seven Arts purchased Atlantic Records.
Warner Bros.-Seven Arts was acquired in 1969 by Kinney National Company. Due to a financial scandal over its parking operations Kinney National spun off its non-entertainment assets in 1972, and changed its name to Warner Communications Inc., which has since merged with Time, Inc. to form Time Warner.
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