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Despite his control over the other parts of the company, Jack Warner had little involvement in and little care for the cartoons his company released. In fact, when he was asked by studio staff what he knew about the company's animated efforts he famously stated that all he knew was that his company made Mickey Mouse cartoons. Oops!
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In a money saving effort in the 1960's, Warner Brothers spun its Burbank studio off into a separate company called The Burbank Studios. Columbia Pictures became a half owner of this new enterprise and the companies were supposed to share in the costs and profits of this new venture. In actuality, the two companies were poor partners, refusing to invest in projects that might benefit the other. In the early '90s, the partnership was disbanded with Warner Brothers taking full control of its storied backlot. Columbia moved to MGM's former studio lot.
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After Jack Warner famously stated that he believed his company produced Mickey Mouse cartoons, he decided to sell his company's back catalog of Looney Tunes shorts for just $3,000 each. It was a massive error in judgement that wasn't rectified until thirty years later.
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