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Warner Bros.-Seven Arts

From Wikipedia, the free encyclopedia

Warner Bros.-Seven Arts, Inc.
IndustryFilm
Television
Music
GenreEntertainment
FateAcquired by Kinney National Company and rebrand as Warner Bros. Inc.
PredecessorWarner Bros. Pictures, Inc.
Seven Arts Productions
SuccessorWarner Bros. Inc.
Warner Bros. Television
Warner Bros. Records Inc.
FoundedJuly 15, 1967; 53 years ago (1967-07-15)[1]
DefunctDecember 16, 1969; 50 years ago (1969-12-16)[2]
Headquarters,
Area served
Worldwide
Key people
Jack L. Warner
Kenneth Hyman
ParentIndependent (1967–1969)
Kinney National Company (1969)
SubsidiariesWarner Bros.-Seven Arts Television
Warner Bros.-Seven Arts Records
Seven Arts Productions

Warner Bros.-Seven Arts, Inc. was an American entertainment company active from 1967 until 1969.

History

Seven Arts Productions acquired Jack L. Warner's controlling interest in Warner Bros. Pictures for $32 million[3][4][5] in November 1966. The merger between two companies was completed by July 1967, and the combined company was named Warner Bros.-Seven Arts.

The acquisition included the black and white Looney Tunes (plus the non-Harman and Ising Merrie Melodies) library, Warner Bros. Records (which was renamed Warner Bros.-Seven Arts Records), and Reprise Records. Later that same year, Warner Bros.-Seven Arts purchased Atlantic Records. Those record labels were combined in 1971 with two other acquisitions (Elektra Records and its sister label Nonesuch Records) in a new holding company, Warner-Elektra-Atlantic, under the direction of Mo Ostin[6] and Joe Smith.

The head of production was Kenneth Hyman, son of Seven Arts co-founder Eliot Hyman. The first film of production and distribution was Reflections in a Golden Eye. Cool Hand Luke was the final film produced by Warner Bros. Pictures before and after changing its name studio.

Acquisition by Kinney

From January to March 1969, Warner Bros.-Seven Arts was acquired by Kinney National Company, and, in August, Ted Ashley became a chairman of the film studio and production. On December 16, 1969, Warner Bros.-Seven Art rebranded as Warner Bros. Inc.

Warner Bros.-Seven Arts subsequently went defunct. The final film was Frankenstein Must Be Destroyed, which was released in February 1970. The studio's next film, Woodstock, which was released in March, was credited as a Warner Bros. production, and this credit would be applied to all other productions from the studio afterward. However, Warner Bros.-Seven Arts continued to use the logo and its name for the film The Phynx, which was released in May 1970 as the creator.

After acquisitions of WB, and due to a financial scandal[7] over its parking operations, Kinney National spun off its non-entertainment assets in September 1971 as National Kinney Corporation, and changed its name to Warner Communications Inc. on February 10, 1972.

Filmography

See also

References

  1. ^ "cn-0439.pdf" (PDF). www.justice.gov. 29 August 2014. Retrieved 13 November 2018.
  2. ^ "Warner Bros. Drops Name of Seven Arts". Valley Times. 16 December 1969. Retrieved 12 September 2019. |first1= missing |last1= (help)
  3. ^ Warner Sperling, Cass (Director) (2008). The Brothers Warner (DVD film documentary). Warner Sisters, Inc. Archived from the original on 17 February 2016.
  4. ^ "Company History". warnerbros.com. Archived from the original on 26 September 2015. Retrieved 30 August 2015.
  5. ^ "Warner Brothers Records Story". bsnpubs.com. 23 April 2004. Retrieved 30 August 2015.
  6. ^ "Mo Ostin Biography". rockhall.com. Retrieved 30 August 2015.
  7. ^ "List of corporate scandals". Financial Analyses. 4 October 2011. Retrieved 30 August 2015.
This page was last edited on 2 December 2020, at 02:58
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