Warner Communications

Warner Communications, Inc.
Industry Entertainment
Fate Merged with Time Inc.
Predecessor Kinney National Company
Successor Time Warner
Founded 1972 (1972)
Defunct January 10, 1990 (1990-01-10)
Headquarters New York City, New York, United States
Key people
Steve Ross (CEO)
Divisions Warner Bros. Inc.
DC Comics
Lorimar Television

Warner Communications, Inc. was established in 1972 when Kinney National Company spun off its non-entertainment assets due to a financial scandal over its parking operations[1] (as National Kinney Corporation) and changed its name.

History

It was the parent company for Warner Bros. Pictures, Warner Music Group and, though Warner Cable, Dimension Pictures. It also owned DC Comics and Mad magazine. Warner made (and later lost) considerable profits with Atari, Inc., which it owned from 1976 to 1984.

In 1979, Warner formed a joint venture with credit card company American Express, Warner-Amex Satellite Entertainment, which owned such cable channels as MTV, Nickelodeon, and The Movie Channel. Warner bought out American Express's half in 1984, and sold the venture a year later to Viacom, which renamed it MTV Networks.

In 1982, Warner purchased Popular Library from CBS Publications.[2]

In 1987, it was announced that Warner Communications and Time Inc. were to merge, although it took two years for the merger to take place. Before the merger closed in March 1989, Warner purchased Lorimar-Telepictures. In January 1990, the combined company, Time Warner, was formed, becoming WarnerMedia after its 2018 acquisition by AT&T.

The Warner Communications name was still credited on releases from Elektra Records and its sister labels until 2004. The Warner Music Group continues to use the "Big W" logo, designed by Saul Bass in 1972.

References

  1. "List of corporate scandals". Financial Analyses. 4 October 2011. Retrieved 30 August 2015.
  2. "Copyrights of Golden-Age Comics". Golden-Age Comic book Superheroes & Villains Encyclopedia. Retrieved 20 September 2011.

See also

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.