Warner Bros.-Seven Arts was formed in 1967

1967 in music

The summer of 1967 is "The Summer of Love" in San Francisco. It also became an important year for psychedelic rock, with releases from The Beatles The summer of 1967 is "The Summer of Love" in San Francisco. It also became an important year for psychedelic rock, with releases from The Beatles The...

 and became defunct in 1970, when Seven Arts Productions

Seven Arts Productions

Seven Arts Productions was founded in 1957 by Ray Stark and Eliot Hyman. The company was a frequent producer of movies for other studios, including The Misfits for United Artists, Gigot for Twentieth Century-Fox, Lolita for Metro-Goldwyn-Mayer, and Is Paris Burning? for Paramount Pictures.Over...

 acquired Jack Warner

Jack Warner

Jack Leonard "J. L." Warner , born Jacob Warner in London, Ontario, was a Canadian American film executive who was the president and driving force behind the Warner Bros. Studios in Hollywood, Los Angeles, California...

's controlling interest in Warner Bros.

Warner Bros.

Warner Bros. Entertainment, Inc., also known as Warner Bros. Pictures or simply Warner Bros. , is an American producer of film and television entertainment.One of the major film studios, it is a subsidiary of Time Warner, with its headquarters in Burbank,...

 for $32 million and merged with it. The deal also included Warner Bros. Records

Warner Bros. Records

Warner Bros. Records Inc. is an American record label. It was the foundation label of the present-day Warner Music Group, and now operates as a wholly owned subsidiary of that corporation. It maintains a close relationship with its former parent, Warner Bros. Pictures, although the two companies...

, Reprise Records

Reprise Records

Reprise Records is an American record label, founded in 1960 by Frank Sinatra. It is owned by Warner Music Group, and operated through Warner Bros. Records.-Beginnings:...

 and the B&W Looney Tunes

Looney Tunes

Looney Tunes is a Warner Bros. animated cartoon series. It preceded the Merrie Melodies series and was Warner Bros.'s first animated theatrical series. Since its first official release, 1930's Sinkin' in the Bathtub, the series has become a worldwide media franchise, spawning several television...

library (plus the first Merrie Melodie

Merrie Melodies

Merrie Melodies is the name of a series of animated cartoons distributed by Warner Bros. Pictures between 1931 and 1969.Originally produced by Harman-Ising Pictures, Merrie Melodies were produced by Leon Schlesinger Productions from 1933 to 1944. Schlesinger sold his studio to Warner Bros. in 1944,...

, Lady, Play Your Mandolin!

Lady, Play Your Mandolin!

Lady, Play Your Mandolin! was the first Warner Bros. Merrie Melodies cartoon, directed by Rudolf Ising of Harman and Ising. It was originally released in August 1931.-Overview:...

and Finian's Rainbow

Finian's Rainbow (film)

Finian's Rainbow is a 1968 American musical film directed by Francis Ford Coppola that stars Fred Astaire and Petula Clark. The screenplay by E. Y. Harburg and Fred Saidy is based on their 1947 stage musical of the same name.-Plot:...

). Later that same year, Warner Bros.-Seven Arts purchased Atlantic Records

Atlantic Records

Atlantic Records is an American record label best known for its many recordings of rhythm and blues, rock and roll, and jazz...

.

History

Warner Bros.-Seven Arts was acquired in 1969 by Kinney National Company

Kinney National Company

Kinney National Services, Inc. was formed in 1966 when the Kinney Parking Company and the National Cleaning Company merged. The new company was headed by Steve Ross....

, 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.

Warner Communications

Warner Communications or Warner Communications, Inc. was established in 1971 when Kinney National Company spun off its non-entertainment assets, due to a financial scandal over its parking operations and changed its name....

, which has since merged with Time, Inc. to form Time Warner

Time Warner

Time Warner is one of the world's largest media companies, headquartered in the Time Warner Center in New York City. Formerly two separate companies, Warner Communications, Inc...

.