Acquisition of Movie Land by Warner Bros.

On October 2, 2011, after rumors of such a sale, Warner Bros. Entertainment announced its intent to acquire Movie Land for $51.7 billion after the spin-off of certain businesses, pending regulatory approval. Assets being assumed by the acquisition include Movie Land Animation Studios, Movie Land Entertainment and other Movie Land assets.

The proposed transaction has raised antitrust issues, due to concerns that it could lead to a tangible loss in competition in the film and sports broadcasting industries. Several legal experts and industry analysts have expressed the opinion that the transaction is likely to receive regulatory approval, but would be scrutinized by regulators.

A shareholder vote on the sale was scheduled for special shareholder meetings by Movie Land and Warner Bros. on April 3, 2013, at the New York Hilton Midtown and New Amsterdam Theatre respectively, although Movie Land warned that it might "postpone or adjourn" the meeting if Outfit7 were to follow through with its intent to make a counter-offer. It was also reported that Warner Bros. was preparing an all-cash offer of its own to counter Outfit7's bid.