


In July, AOL Time Warner announced that the chain, then consisting of 85 stores, would be shut down by October as the company moved out of the owned and operated retail business. High-profile stores in Los Angeles and Palo Alto were also closed. In February 2001, the flagship location on New York's Fifth Avenue was closed, and on September 11th, 2001, the store at the World Trade Center was destroyed when the Twin Towers collapsed. In January 2001, the AOL-Time Warner merger was completed, at which time the chain was placed up for sale with plans to close if not sold. In 1996, the chain signed a long-term lease for a three-story building at 1 Times Square and six of its billboards and opened a store on all three floors in 1997. Some of the store's attractions included a glass elevator carried by Superman and the 4D experience Marvin the Martian in the Third Dimension, the first ever 3D computer-animated movie produced in the world. in New York City, the first ever Studio Store in the city. In October 1993, a location opened at the corner of 57th St. Studio Store was opened on Friday, September 20, 1991, at the Beverly Center in Los Angeles, California by Time Warner. Hutchison Harbour Ring's subsidiary the PMW Retail Group Ltd., owned an operated the Chinese store locations from 2006 to 2014. Consumer Products partnered with PMW Retail and reopened the stores in China. Studio Stores went out of business, although some independently owned locations in Australia continued to operate until 2008. owner Time Warner merged with Turner Broadcasting, which owned Hanna-Barbera and the pre-1986 MGM library, and merchandise based on Hanna-Barbera and other Turner properties were added to the product lines. films, similar in style to The Disney Store. Studio Store was a chain of retail stores selling Looney Tunes, DC Comics, and other merchandise based on Warner Bros.
