Sale To Kinney
Warner Bros.-Seven Arts was acquired in 1969 by Kinney National Company, 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., which has since merged with Time, Inc. to form Time Warner.
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Famous quotes containing the word sale:
“People buy their necessities in shops and have to pay dearly for them because they have to assist in paying for what is also on sale there but only rarely finds purchasers: the luxury and amusement goods. So it is that luxury continually imposes a tax on the simple people who have to do without it.”
—Friedrich Nietzsche (1844–1900)