The story
Daniel Weiss Associates was founded in January 1987 as a book packaging company. In 1997, the division 17th Street Productions was created to specialize in young adult fiction.
In January 2000, 17th Street Productions was sold to Alloy, Inc. (later Alloy Digital), and was renamed Alloy Entertainment. Led by Leslie Morgenstein, the division became a frequent partner with publishers and studios to produce film and television adaptations of young adult books.
On June 11, 2012, Alloy Digital's majority owner ZelnickMedia sold Alloy Entertainment to Warner Bros. Television of which it remains owned by the current owner Warner Bros. Discovery.
From Wikipedia’s article on Alloy Entertainment, shared under CC BY-SA 4.0.4