Kinney National Services, Inc. (later, Kinney Services, Inc. ) was an American conglomerate from 1966 to 1972. Its successors were National Kinney Corporation and Warner Communications.
Video Kinney National Company
History
Formed in 1966 as Kinney National Company, when Kinney Parking Company and National Cleaning Contractors, Inc. merged. The new company is led by Steve Ross.
In 1967, Kinney National expanded its acquisition of National Periodical Publications (more commonly, but not yet officially, called DC Comics), Hollywood talent agencies Ashley-Famous, and Panavision. Ted Ashley (from Ashley-Famous) suggested to Ross that he bought a cash-strapped film company, Warner Bros.-Seven Arts, which had purchased Atlantic Records in the same year.
When the acquisition of Warner Bros.-Seven Arts was completed in 1969, Ashley-Famous was sold because of an anti-trust law prohibiting a company owning production studios and talent agents. Ted Ashley was assigned to a movie studio. Starting with the unexpected success of the film concert documentary Woodstock (1970), the company began scoring another box office hit, rebuilding Warner Bros. as the premier studio.
In 1970, Kinney National bought Elektra Records Jac Holzman and Nonesuch Records.
Kinney National purchased a $ 15 million Circle Floor flooring manufacturer from Seymour Milstein and Paul Milstein, with Milsteins remaining as unit manager until 1971.
Financial scandal
Because of a financial scandal involving pricing in his parking operations, Kinney National separated its non-entertainment assets in 1972 as National Kinney Corporation, and renamed the remaining Kinney National Company as Warner Communications Inc.
Steve Ross is the company's CEO, president, and chairman. Directed include Charles A. Agemian, CEO of Garden State National Bank.
Maps Kinney National Company
See also
- Kinney Parking Company
- National Kinney Corporation
- Warner Bros.-Seven Arts
- Warner Communications
References
Source of the article : Wikipedia
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