Time Warner Entertainment in the context of "Warner Bros.-Seven Arts"

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⭐ Core Definition: Time Warner Entertainment

Warner Media, LLC (doing business as WarnerMedia) was an American multinational mass media and entertainment business owned by AT&T. It was headquartered at the 30 Hudson Yards complex in New York City and primarily operated in filmed entertainment and cable television.

The company's history traces back to the Kinney National Company, which purchased several entertainment companies during the 1960s and 1970s, (most notably Warner Bros.-Seven Arts). By 1972, Kinney separated its non-media businesses into an independent company, and renamed itself to Warner Communications. After merging with Time Inc., the new company became Time Warner Inc. on January 10, 1990, and kept that name for 28 years. In 2001, AOL merged with Time Warner, in a deal that came to be regarded as the "worst merger in history." Following years of downsizing, Time Warner simply owned Warner Bros., Turner Broadcasting, and HBO by 2014. Despite spinning off Time Inc. that year, it kept the "Time Warner" name until 2018, when it was acquired by AT&T for $108.7 billion and renamed to WarnerMedia.

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Time Warner Entertainment in the context of Six Flags Over Texas

Six Flags Over Texas is a 212-acre (86 ha) amusement park, in Arlington, Texas, east of Fort Worth and west of Dallas. It is the first amusement park in the Six Flags chain, and features themed areas and attractions. The park opened on August 5, 1961, after a year of construction and an initial investment of US$10 million by real estate developer Angus G. Wynne Jr.

The park is managed by the Six Flags Entertainment Corp., which owns a 54% interest of the Texas Limited Partnership that owns the park. Six Flags Over Texas Fund, Ltd., a private-equity and asset-management firm, headed by Dallas businessman Jack Knox, bought the park in 1969. Over the years, the various companies that managed the park exercised options to purchase interest in the fund. Six Flags Entertainment has an option to purchase the remaining 46% in 2028. In 1991, Time Warner Entertainment began managing park operations. In 1998, Time Warner sold its interests in the Six Flags parks to Premier Parks, of Oklahoma City, which later changed its name to Six Flags Theme Parks, Inc.

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