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Company type | Public |
---|---|
Industry | Film Television Music |
Genre | Entertainment |
Predecessor | Warner Bros. Pictures, Inc. Seven Arts Productions |
Founded | July 15, 1967 [1] |
Defunct | December 16, 1969 [2] |
Fate | Acquired by Kinney National Services Inc. and rebranded as Warner Bros. Inc. |
Successor | Warner Bros. Inc. |
Headquarters | , |
Area served | Worldwide |
Key people | Benjamin Kalmenson (President) Haskel Masters (Vice-President) Jack L. Warner (Vice-Chairman of the board) Eliot Hyman (Chairman of the board) |
Parent | Kinney National Services Inc. (July–December 1969) |
Subsidiaries | Warner Bros.-Seven Arts Television Warner Bros.-Seven Arts Records Atlantic Records Seven Arts Productions Warner Bros.-Seven Arts Animation |
Warner Bros.-Seven Arts, Inc. was an American entertainment company active from 1967 until 1969.
Seven Arts Productions acquired Jack L. Warner's controlling interest in Warner Bros. Pictures for $32 million in November 1966. [3] [4] [5] The merger between the two companies was completed by July 15, 1967, and the combined company was named Warner Bros.-Seven Arts.
At the time of the sale, however, Jack L. Warner was replaced by Benjamin Kalmenson in December 1966.
The acquisition included 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 Atlantic's Ahmet Ertegun with the title of executive vice president in charge of music. [6]
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.
On July 4, 1969, Warner Bros.-Seven Arts was acquired by Kinney National Company, and, in August that year, Ted Ashley became the chairman of the film studio. On December 16, 1969, Warner Bros.-Seven Arts was rebranded as Warner Bros. Inc.
The final film to be released under the Warner Bros.-Seven Arts name 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 with Warner Bros. reestablished as a major film studio.
In September 1971, due to a financial scandal in its parking lot operation business, [7] Kinney National spun off its non-entertainment assets as National Kinney Corporation, and changed its name to Warner Communications Inc. on February 10, 1972.