(Canon to Fox Kids Lives!!! AU) Press space or click the logo. We now get into Disney's closest rival, WarnerMedia! Name History: TimeWarner (1990-2001) Tribune TimeWarner (2001-2002) TribuneWarner (2002-2013) WarnerMedia (2013-p.d.) Short History: TimeWarner was founded in 1990 as a merger between Warner Communications & Time, Inc. The company initially held assets in all sorts of industries. This includes but isn't limited to feature film & TV production companies, record labels, magazines, comics & cable/telecommunication services. In 1993, TimeWarner acquired Six Flags, the largest theme park chain in the USA at the time. The next year, the company acquired the American assets of the French banking company Credit Lyonnais, most notably Cannon Pictures. LeBlanc Corporation, parent company of theme park operator Premier Parks, acquired a 55% stake in TimeWarner. This results in Premier's parks moving over to Six Flags & adopting the chain's name. TimeWarner would merge with Tribune Broadcasting in 2001 with its parent company (Tribune Media) acquiring the remaining 45% of the newly merged company. During the merger, it was known as Tribune TimeWarner. The name of the company was renamed to Tribune Warner only a year later. Several smaller-market WB affiliates & non-WB affiliates owned by Tribune Broadcasting were sold to a new company of the same name following the merger. Tribune TimeWarner would sell several non-core brands by 2003, in order to focus exclusively within the film, TV, magazine, & comic industries. LeBlanc sold off its stake in TribuneWarner in 2006 in order to focus its more profitable theme park & leisure assets. Tribune would also decrease its stake to 30%. AT&T, the largest American telecommunications provider would acquire TribuneWarner in 2008. AT&T would immediately move its cable networks to TribuneWarner after the merger. TribuneWarner would change its to WarnerMedia in 2013, after its 5-year deal to retain the Tribune name expired. WarnerMedia would acquire Otter Media (parent company of Rooster Teeth & Crunchyroll) from The Chernin Group in 2016. As AT&T wanted to focus more on its mobile internet, telecommunications & cable services, it would sell off WarnerMedia to private equity firm TPG Inc. in 2019.
