Warner Village Theme Parks remained a joint venture between Time Warner and Village Roadshow until Village took full ownership of the group in 2006. Time Warner (now Warner Media) continues to provide a licence to the Warner Bros. brand. The group was renamed Village Roadshow Theme Parks. The group also owns the Sea World Resort, located next to the Sea World theme park. Previously known as "Sea World Nara Resort" (opened in 1988 as a joint venture between the then-owners of Sea World and the Japan-based Nara Group, Village also moved to take full ownership of the resort in 2006, resulting in the name change).