The former MGM studio lot was sold to Sony to house Columbia Pictures, TriStar Pictures, and Sony's other operations towards the end of 1989 with the facilities renamed as Columbia Studios (now Sony Pictures Studios) at the beginning of 1990. Lorimar continued as a production company until July 1993, when it was eventually folded into Warner Bros. Television, for "economic issues" as a result of declining syndication sales. The last series to premiere under the Lorimar name was "Time Trax", as part of the Prime Time Entertainment Network programming block.