Associated Artists Productions
From Loonipedia
Associated Artists Productions (AAP) was a company that purchased the color Looney Tunes and Merrie
Melodies library from before July 1948 from Warner Bros. These cartoons eventually slid hands from United Artists Television to MGM. In 1986, Turner Entertainment bought MGM, but within a short time sold the entire studio, but kept it's film library, including the a.a.p. library. In 1996, the rights to the cartoons returned to WB via Turner Entertainment, which it had purchased the very same year.