Warner Bros.-Seven Arts

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Template:Short description Template:Use dmy dates {{#invoke:Infobox|infobox}}Template:Template otherTemplate:Main other{{#invoke:Check for clobbered parameters|check|nested=1|template=Infobox company|cat=Template:Main other|name; company_name|logo; company_logo|logo_alt; alt|trade_name; trading_name|former_names; former_name|type; company_type|predecessors; predecessor|successors; successor|foundation; founded|founders; founder|defunct; dissolved|hq_location; location|hq_location_city; location_city|hq_location_country; location_country|num_locations; locations|areas_served; area_served|net_income; profit|net_income_year; profit_year|owners; owner |homepage; website }}{{#invoke:Check for unknown parameters|check|unknown=Template:Main other|preview=Page using Template:Infobox company with unknown parameter "_VALUE_" | ignoreblank=y | alt | area_served | areas_served | assets | assets_year | aum | brands | company_logo | company_name | company_type | defunct | dissolved | divisions | embed | equity | equity_year | fate | footnotes | headquarters | former_name | former_names | foundation | founded | founder | founders | genre | homepage | hq_location | hq_location_city | hq_location_country | incorporated | image | image_alt | image_caption | image_size | image_upright | income_year | industry | ISIN | key_people | location | location_city | location_country | locations | logo | logo_alt | logo_caption | logo_class | logo_size | logo_upright | members | members_year | module | name | native_name | native_name_lang | net_income | net_income_year | num_employees | num_employees_year | num_locations | num_locations_year | operating_income | owner | owners | parent | predecessor | predecessors | production | production_year | products | profit | profit_year | rating | ratio | revenue | revenue_year | romanized_name | services | subsid | subsidiaries | successor | successors | traded_as | trade_name | trading_name | type | website| qid | fetchwikidata | suppressfields | noicon | nocat | demo | categories }} 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 in November 1966.<ref>Template:Cite news</ref><ref>Template:Cite AV media</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> The merger between the two companies was completed by July 15, 1967, and the combined company was named Warner Bros.-Seven Arts. Eliot Hyman, founder of Seven Arts, was named chairman. Warner Bros. Pictures president Benjamin Kalmenson served as president of the combined company.<ref>Template:Cite news</ref> Warner remained on the board as vice chairman.<ref>Template:Cite news</ref> Alan Hirschfield was named financial vice president in October.<ref>Template:Cite news</ref>

The head of production was Hyman's son, Kenneth Hyman. During his tenure, Hyman oversaw the production of hits like Bullitt, Girl On A Motorcycle, Rachel, Rachel and The Heart Is a Lonely Hunter, and The Wild Bunch, as well as George Lucas' first film THX 1138.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

In February 1968, the company sold its 25% stake in Associated British Pictures Corporation to Electric & Musical Industries.<ref>Template:Cite news</ref>

The acquisition included Warner Bros. Records (which was renamed Warner Bros.-Seven Arts Records), and Reprise Records.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> Later that same year, Warner Bros.-Seven Arts also purchased Atlantic Records.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>Template:Cite news</ref>

Acquisition by Kinney

Within a year of the acquisition, Warner Bros.-Seven Arts was fielding merger offers.<ref>Template:Cite news</ref> By 1969, it had become a takeover target for multiple companies, including Commonwealth United Corporation, National General Corporation, and Kinney National Service.<ref>Template:Cite news</ref> However, concern over antitrust laws ultimately ruled out National General and Commonwealth, leaving Kinney as the preferred suitor.<ref>Template:Cite news</ref> Kinney sold its Ashley Famous talent agency in order to avoid any conflict of interest in the deal.<ref name=":0">Template:Cite news</ref>

Warner Bros.-Seven Arts was officially acquired by Kinney National Company in July 1969. The Hymans resigned from the company and Ted Ashley was named chairman of the film studio in August.<ref name=":0" /> 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, Kinney National spun off its non-entertainment assets as National Kinney Corporation, and changed its name to Warner Communications Inc.<ref>Template:Cite news</ref><ref>Template:Cite news</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> on February 10, 1972.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

Filmography

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See also

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References

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