File:Wb7.JPG | |
Industry | Film Music |
---|---|
Genre | Entertainment |
Founded | 1967 |
Defunct | 1970 |
Headquarters | |
Key people | Jack Warner |
Parent | Warner Bros. |
Warner Bros.-Seven Arts was formed in 1967 and became defunct in 1970, 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 first Merrie Melodie, Lady, Play Your Mandolin! and Finian's Rainbow). Later that same year, Warner Bros.-Seven Arts purchased Atlantic Records.
Head of production was Kenneth Hyman, son of Seven Arts co-founded Eliot Hyman.
Warner Bros.-Seven Arts was acquired in 1969 by Kinney National Company, who proceeded to delete "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 1971 (as National Kinney Corporation) and changed its name to Warner Communications Inc., which has since merged with Time, Inc. to form Time Warner.