Rebounded in the late 1950s, specializing in adaptations of popular plays like The Bad Seed (1956), No Time for Sergeants (1958), and Gypsy (1962). There was also a successful television unit run by William T. Orr, Jack Warner's son-in-law, offering popular series like "Maverick" (1957–62) and 77 Sunset Strip (1958–64). Already the owner of extensive music-publishing holdings, in 1958 the studio launched Warner Bros. Records.
With his health slowly recovering from a car accident while vactioning in France in 1958, Jack returned to the studio and made sure his name was featured in studio press releases.[149] In each of the first three years of the 1960s, the studio's net profit was a little over $7 million.[149] Warner paid an unprecedented $5.5 million for the film rights to the Broadway musical My Fair Lady in February 1962. The previous owner, CBS director William S. Paley, set terms including half the distributor's gross profits "plus ownership of the negative at the end of the contract."[150] In 1963, the net profit dropped to $3.7 million.[149] By the mid-1960s, motion picture production was in decline. There were few studio-produced films and many more co-productions (for which Warner provided facilities, money, and distribution), and pickups of independently made pictures.
In 1963, Jack Warner agreed to merge Warner Bros. Music with Frank Sinatra's Reprise Records.[151] Through this partnership, Warner Bros. Records was established.[151] In 1964, upon seeing the profits record companies made from Warner film music, Jack Warner decided to claim ownership of the studio's film soundtracks and focus on making profits through Warner Bros. Records.[152] In its first eighteen months, Warner Bros. Records lost around $2 million.[153] With the success of the studio's 1965 Broadway play The Great Race,[153] as well as its soundtrack,[153] Warner Bros. Records became a profitable subsidiary. The studio's 1966 film Who's Afraid Of Virginia Woolf? was a huge success at the box office.[154]
In November 1966, Jack gave in to advancing age and the changing times,[155] selling control of the studio and its music business to Seven Arts Productions, run by the Canadian investors Elliot and Kenneth Hyman, for $32 million.[156] The company, including the studio, was renamed Warner Bros.-Seven Arts. Jack Warner did, however, remain studio president until the summer of 1967, when Camelot failed at the box office and Warner gave up his position to the studio's longtime publicity director, Ben Kalmenson;[157] Warner did, however, remain on board as an independent producer and vice-president.[156] With the success of the studio's 1967 film Bonnie and Clyde, Warner Bros was making profits once again.[158]
Two years later, the Hymans, now fed up with Jack Warner,[158] accepted a cash-and-stock offer from an odd conglomerate called Kinney National Company for more than $64 million.[158] Kinney owned a Hollywood talent agency, Ashley-Famous,[159] and it was Ted Ashley who led Kinney head Steve Ross to purchase Warners. Ashley became the new head of the studio, and the name was changed to Warner Bros., Inc. once again. Jack Warner, however, was outraged by the Hymans' sale,[158] and decided to retire.[158]
Although movie audiences had shrunk, Warner's new management believed in the drawing power of stars, signing co-production deals with several of the biggest names of the day, among them Paul Newman, Robert Redford, Barbra Streisand, and Clint Eastwood, carrying the studio successfully through the 1970s and 1980s. Warners also made major profits on films built around the characters of Superman and Batman, owned by Warners subsidiary DC Comics.
Abandoning the mundane parking lots and funeral homes, the refocused Kinney renamed itself in honor of its best-known holding, Warner Communications. Throughout the 1970s and 1980s Warner Communications branched out into other business, such as its acquiring of video game company Atari, Inc in 1976, and later the Six Flags theme parks.
From 1971 until the end of 1987, Warner's international distribution operations were a joint venture with Columbia Pictures, and in some countries, this joint venture also distributed films from other companies (like EMI Films and Cannon Films in the UK). Warner ended the venture in 1988 and joined up with Walt Disney Pictures; this joint venture lasted until 1993, when Disney created Buena Vista International.
To the surprise of many, flashy, star-driven Warner Communications merged in 1989 with the white-shoe publishing company Time Inc. Though Time and its magazines claimed a higher tone, it was the Warner Bros. film and music units which provided the profits. The Time Warner merger was almost derailed when Paramount Communications (Formerly Gulf+Western, later sold to Viacom), launched a $12.2 billion dollar hostile takeover bid for Time Inc., forcing Time to acquire Warner for $14.9 billion dollar cash/stock offer. Paramount responded with a lawsuit filed in Delaware court to break up the merger. Paramount lost and the merger proceeded.
In 1997, Time Warner sold the Six Flags unit. The takeover of Time Warner in 2000 by then-high-flying AOL did not prove a good match, and following the collapse in "dot-com" stocks, the AOL name was banished from the corporate nameplate.

Revenue Warner Bros
In business, revenue or revenues is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. Some companies also receive revenue from interest, dividends or royalties paid to them by other companies.[1] Revenue may refer to business income in general, or it may refer to the amount, in a monetary unit, received during a period of time, as in "Last year, Company warner bros had revenue of ▲$11.7 Billion USD."