Warner Bros. Online, Mar. 17, 2005 Company info. page (Warner Bros. Entertainment; a Time Warner co. creates and dist. films, TV programs, animation, video and DVD under the banners: Warner Bros. Pictures, Castle Rock, Warner Independent Pictures, Lorimar Pictures, RKO and classic MGM (pre-1986). Warner Bros Studios began when the brothers Warner incorporated in 1923 [and began producing films under the banner Warner Bros. Pictures]; in 1967 Warner Bros. Pictures was sold and renamed Warner Bros.-Seven Arts. In Nov. 1969 it became Warner Communications, Inc. [resumed use of name Warner Bros. and Warner Bros. Pictures for its film production]; in 1990 Warner Communications, Inc. merged with Time Inc. to form Time Warner Inc. Warner Bros. Studios is the name used for the 110-acre lot that serves as a production and post-production facility; Jan. 2001 Time Warner Inc., Warner Bros.' parent merged with merica Online)