Warner Bros.-Seven Arts
From Free net encyclopedia
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 Brothers Records and Reprise Records. 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.