Time-Warner, Inc. (Warnerverse)

Time-Warner, Inc. is a entertainment/media company headquartered in New York City, New York, USA. They own movie studios such as Warner Bros. and 20th Century Fox, cable TV channels such as TNT and Cartoon Network, and regional entertainment companies such as Warner Leisure and Six Flags.
== History ==
=== Warner Communications (1972-1982) ===
Time-Warner, Inc. started out as Warner Communications in 1972 from the entertainment assets of the Kinney National Company. This new company included ownership of Warner Bros., as well as other sectors of the company like Warner Music Group. They also owned DC Comics and MAD Magazine.
During their early years, they bought/acquired many other companies. They, along with American Express, created Warner-Amex Satellite Entertainment, which owned cabel networks such as MTV, Nickelodeon, and The Movie Channel (which was later named Showtime). You might better know this company as MTV Networks, which is what it became after being bought out by Viacom in 1985. Another failed venture of theirs was owning the videogame company Atari from 1976 to 1984, with the company being spun-off in 1984.
=== Starts of the Merger (1983-1989) ===
In the late 1980's, Time Inc. wanted to merge with Warner Communications. This was followed with a counterbid from Paramount to stop the merge from happening. Time then proceeded to raise it's bid. Paramount then sued Time to attempt to end the oncoming merger. The court ruled for Time though, and the two finally merged.
=== The Original Time-Warner (1990-2000) ===
The merged company was dubbed "Time-Warner", and changes soon came. In 1991, the Warner Bros. Studio Store was established. That same year, the company bought half of Six Flags. In 1993, they completed this acquisition, but in 1998, they sold it to Premier Parks of Oklahoma. Probably the biggest thing to happen to them (up until recently) was the merger with Turner Broadcasting, giving Warner ownership of their channels like CNN and Cartoon Network, and also the Hanna Barbera animation studio (which later merged with Warner Bros. Animation).
=== AOL Merger (2001) ===
In 2001, Time-Warner merged with the internet company, AOL. This might have been a good idea at the time, but the company soon saw drawbacks. By late 2001, most of the AOL executives were out, and some new ones were put in by 2002.
=== The New Time-Warner (2002-Present) ===
In late 2002, a new CEO, Samuel Terrence, was appointed. He immediately started by spinning off AOL, and removing AOL from the companies title. He then restructured the company. At first it was small, with the Warner Bros. Studio Store getting new locations outside of malls. Big things also happened, such as Majesty Cruise Lines being announced in 2003, and purchasing Six Flags back that same year. The biggest thing they did was in 2018, when they bought out 20th Century Fox for 71 Billion USD. This included the movie and tv studios, Hulu, and BlueSky animation.
== See Also ==
* 20th Century Fox
* Hulu
* Six Flags Theme Parks
* Turner Broadcasting
* Warner Leisure
Category:Warnerverse