Warner Bros. Pictures: Difference between revisions

After remaining independent for its first 45 years in operation, Warner Bros. was subject to numerous acquisitions over the decades. First, the studio merged with [[Seven Arts Productions]] to become '''Warner Bros.-Seven Arts''' in 1967. Two years later, the studio was purchased by Kinney National Co., which was later reincorporated as Warner Communications in 1972, when it spun off its non-entertainment assets due to a financial scandal over its parking operations. In 1989, Warner Bros. became a subsidiary of Time Warner, a merger between Warner Communications and [[Time Inc.|Time, Inc.]] In 1992, Time Warner formed Time Warner Entertainment by merging all of its entertainment operations for the first time. In 2001, internet giant AOL merged with Time Warner to become AOL Time Warner, but its name was reverted back to Time Warner two years later due to lawsuits and losing $99 billion from the collapse of the dot-com bubble. AOL officially split from Time Warner in 2009. In 2018, after numerous legal hurdles, telecommunications company AT&T acquired Time Warner, which was later renamed [[WarnerMedia]] in 2018. The status of the acquisition was settled in February 2019, when it was upheld on appeal and the Justice Department declined to pursue their case against the acquisition any further.

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