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Lorimar-Telepictures

From Alfawiki
Lorimar-Telepictures Corporation, Inc.
Company typePublic
IndustryEntertainment
PredecessorLorimar Productions, Inc.; Telepictures Corporation
FoundedFebruary 19, 1986; 40 years ago (1986-02-19) in Culver City, California, United States
FounderMerv Adelson
DefunctJanuary 12, 1989 (1989-01-12)
FateAcquired by Warner Communications
SuccessorWarner Communications
Headquarters
Culver City, California
,
United States
Area served
Worldwide
Key people
Merv Adelson (founder), Robert Rosenbaum (VP of production for Lorimar Television)
ProductsTelevision production, syndication, feature films, home video distribution, broadcasting services

Lorimar-Telepictures Corporation, Inc. was an American entertainment enterprise established on February 19, 1986, resulting from the consolidation of Lorimar Productions, Inc. and Telepictures Corporation. Its headquarters were located at the former Metro-Goldwyn-Mayer Studios—today known as Sony Pictures Studios—in Culver City, California. The company’s operations spanned television production, syndication, feature film creation, home video distribution, and broadcasting services.

History

The announcement of the merger came on October 7, 1985, by company founder Merv Adelson, with the merger finalizing in February 1986. That same year, co-founder Lee Rich divested his shares and departed from the organization.

In 1987, Lorimar-Telepictures reorganized its structure into several divisions with unique brand identities: Lorimar Television focused on network programming production; Lorimar Syndication handled broadcast and off-network syndication; and Lorimar International managed worldwide distribution. These units operated under the parent corporation to optimize efficiency and enhance market positioning. During this period, Robert Rosenbaum assumed the role of vice president of production for Lorimar Television. Despite these strategic reorganizations, the company posted a $21.7 million deficit in 1987.

On January 12, 1989, Warner Communications acquired Lorimar-Telepictures, integrating it into its corporate framework to broaden its entertainment holdings and expand international reach.

List of films/programs produced/distributed by Lorimar-Telepictures

Note: The majority of the series listed below are presently owned and distributed by Warner Bros. Television Studios, with certain exceptions.

Additionally, Lorimar-Telepictures oversaw international distribution for most pre-1990 DIC Entertainment and Saban Entertainment productions; currently, distribution rights for DIC titles are managed by WildBrain, while Saban properties are handled by Disney–ABC Domestic Television. Numerous Universal Pictures films originally distributed by Lorimar now fall under the purview of NBCUniversal Syndication Studios.

Broadcasting

Through its predecessor Telepictures, Lorimar-Telepictures held ownership interests in various television stations, mainly targeting smaller markets and Puerto Rico. In 1985, the company attempted a $1 billion acquisition of Multimedia, Inc., which controlled eight television and fifteen radio outlets, but this bid was unsuccessful. On May 21, 1986, Lorimar-Telepictures reached an agreement to purchase WTVJ in Miami and six other stations from Storer Communications—including WAGA-TV (Atlanta), WITI (Milwaukee), WJBK (Detroit), WJW-TV (Cleveland), WSBK-TV (Boston), and KCST (San Diego)—from private equity firm KKR in a $1.85 billion package. This deal also encompassed Storer’s production arm, advertising sales operations, and its Washington news bureau. Additionally, Lorimar-Telepictures sought to acquire WPGH-TV (Pittsburgh) and WTTV (Bloomington–Indianapolis).

By October 1986, Lorimar-Telepictures withdrew from the WTVJ acquisition after CBS, the station’s affiliate, showed interest in WCIX (channel 6), which undermined WTVJ’s valuation and caused the transaction to fall through. Industry experts criticized Lorimar for paying $405 million for WTVJ—approximately 21 times its cash flow—making it difficult to manage debt from $2 billion in high-yield bonds. KKR subsequently sold WTVJ to NBC in January 1987, leading to a complex six-station affiliation realignment in Miami and West Palm Beach effective January 1, 1989. The remaining Storer stations were sold to George N. Gillett Jr. in 1987.

Lorimar’s bid for WTTV was unsuccessful; the station was acquired by Capitol Broadcasting Company. While Lorimar did purchase WPGH-TV, it resold the station to Renaissance Broadcasting in 1987, which later sold it to Sinclair Broadcast Group in 1990. The stations KCPM, KSPR, and KMID were divested to Goltrin Communications in 1988.

Media market State/Territory Station Acquired Divested Remarks
Chico–Redding California KCPM 1985 1988 Owned by Telepictures before merging with Lorimar Television.
Springfield Missouri KSPR 1985 1988
Pittsburgh Pennsylvania WPGH-TV 1986 1987
San Juan–Ponce–Mayagüez Puerto Rico WLII 1986 1991
WSUR-TV 1986 1991
Odessa–Midland Texas KMID 1985 1988