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Turner Entertainment Company, Inc. (commonly known as Turner Entertainment Co.) is a Media company founded by Ted Turner. Now owned by Time Warner, along with Turner Broadcasting System, the company is largely responsible for overseeing its library for worldwide distribution (in recent years, this role has largely been limited to being the copyright holder, while sister company Warner Bros. handles all sales and distribution).
On 25 March 1986, Ted Turner's and his Turner Broadcasting System purchased MGM/UA from Kirk Kerkorian for $600 million, and renamed it MGM Entertainment Company, Inc. However, due to concerns in the financial community over the debt-load of his companies, and on 17 October 1986, he was forced to sell MGM/UA back to Kerkorian for approximately $780 million ($480 million for United Artists and $300 million for the MGM logo and brandname). However, Turner kept MGM's film, television and cartoon library as well as a proportion of United Artists library, forming Turner Entertainment Company, Inc. The library also included the pre-1950 Warner Bros. titles, the Fleischer Studios/Famous Studios Popeye cartoons originally released by Paramount Pictures, the US/Canadian/Latin American/Australian distribution rights to the RKO Radio Pictures library, and Gilligan's Island and its animated spin-offs. In December 1987, Turner acquired the worldwide rights through license, to 800 RKO films from its then-parent company Wesray Capital.
On October 3, 1988, Turner Broadcasting launched the TNT network, and later Turner Classic Movies to use their former MGM/UA library. In doing so, Turner has played a major part in film preservation and restoration. By broadcasting such classic films as The Wizard of Oz, Casablanca, Singin' in the Rain, Gone with the Wind, Citizen Kane, King Kong, Easter Parade, and the original Jazz Singer, on numerous Turner affiliated cable channels, as well as in showing them in revival movie houses and home video around the world, Turner introduces a new generation to these films and makes sure these films are not forgotten.
In 1991, Turner purchased Hanna-Barbera Productions and most of the pre-1991 Ruby-Spears Productions library from Great American Broadcasting. Shortly after Turner Broadcasting launched Cartoon Network, and later Boomerang, to use its vast animation library.
In 1993, Turner purchased Castle Rock Entertainment and New Line Cinema.
Turner Entertainment self-distributed much of its library for the first decade of its existence, but on 10 October 1996, Turner Broadcasting was purchased by Time Warner and its distribution functions were largely absorbed into Warner Bros. and as a result, Turner now largely serves merely as a copyright holder for a portion of the Warner Bros. library. Hanna-Barbera's current purpose as the in-name only unit of Warner Bros. Animation is to serve as the copyright holder for its creations such as The Flintstones, Scooby-Doo, and Yogi Bear while Time Warner's divisions handle sales and merchandising.
Production company 
Turner Entertainment, as a production company, also creates original in-house programming, such as documentaries about the films it owns, new animated material based on Tom & Jerry and other related cartoon properties, and once produced made-for-TV movies, miniseries, and theatrical films such as Gettysburg, Fallen, The Pagemaster and Cats Don't Dance under the Turner Pictures banner. Turner also had an international distribution sales unit, Turner Pictures Worldwide Distribution. Turner Pictures folded into Warner Bros. after the Turner-Time Warner merger, and currently holds the distribution rights to the films made by the production division.
The Pagemaster and Cats Don't Dance were produced under Turner Feature Animation, Turner's animation unit headed by David Kirschner and Paul Gertz. Spun off from the feature division of Hanna-Barbera Productions, Turner Feature Animation was folded into Warner Bros. Feature Animation, which was then merged into Warner Bros. Animation.
Turner also had a television unit called Turner Program Services which had run until 1996 when it was rebranded as Telepictures Distribution which distributed Mama's Family and all TPS shows after 1996. In 2003 Telepictures Distribution was folded into Warner Bros. Television Distribution which meant Telepictures took over all series that were first run and distributed by TD.
Home video 
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In the first decade of its existence, Turner released most of its own catalogue on home video through Turner Home Entertainment (THE). However, the MGM and Warner film libraries which Turner owned were still distributed by MGM/UA Home Video along with THE until their rights expired in 1999. THE released films produced by Turner Pictures on home video with their distributors and independently released the Hanna-Barbera cartoons on home video. THE also released World Championship Wrestling pay-per-view events, wrestler profiles, and "Best Of" packages on video until the demise of WCW in 2001; the WCW video library, along with WCW itself, were sold to the World Wrestling Federation (now known as WWE) in March 2001. During the mid-1990s, THE also distributed home video releases from New Line Home Entertainment, taking over from Columbia TriStar Home Video as well as PBS programs (taking over from the defunct Pacific Arts). NLHE distributed New Line films on video by itself from 1996 until the Warner Bros./New Line merger in 2008. PBS shows are now distributed on video by Paramount Home Entertainment. In 1994, THE entered a distribution deal with Columbia TriStar Home Video in the UK until the deal expired in 1997 (although some films released on VHS by THE are distributed in the UK by First Independent Films). Upon the Turner-Time Warner in 1996 merger THE was absorbed into Warner Home Video as an in-name-only unit. However, Turner Classic Movies does release special edition DVD boxsets of films from both the Turner and Warner catalogs under the TCM label.
- ^ "Chicago Tribune: Turner May Sell Equity In Company". Pqasb.pqarchiver.com. 1986-05-07. Retrieved 2011-12-15.
- ^ Gendel, Morgan (1986-06-07). "Turner Sells The Studio, Holds On To The Dream – Los Angeles Times". Articles.latimes.com. Retrieved 2011-12-15.
- ^ "Turner Plans New Channels." Associated Press (June 5, 1993).
- ^ "Turner Buys Rights to 800 RKO Movies", Los Angeles Times (Reuters), December 10, 1987 (available online).
- ^ Turner lands Hanna-Barbera. (Turner Broadcasting Systems Inc. buys Hanna-Barbera Productions Inc. from Great American Communications Co.)
- ^ "Chicago Tribune" Done deal: Turner Broadcasting System Inc. said it closed... articles.chicagotribune.com, Retrieved on December 27, 2012
- ^ Citron, Alan (August 18, 1993). "Turner gets nod to buy New Line and Castle Rock".
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