Founded in 1982, the company was originally responsible for syndicating Turner-produced programs (such as the syndicated game show Starcade) as well as developing programming for TBS such as Night Tracks. TPS expanded its distribution into other networks' series in the 1990s, syndicating series such as The Wonder Years. When Turner bought the rights to the Hanna-Barbera library of cartoons TPS became their distributor to local stations.
One of the more notable series TPS was responsible for developing was Captain Planet and the Planeteers, which was a co-production with DiC Entertainment and centered on a character created by Turner Broadcasting founder Ted Turner. DiC and Turner combined on the development of the series while TPS was responsible for the distribution of the series, which aired on both TBS and in syndication. (When the series' sequel, The New Adventures of Captain Planet, debuted in 1993, Turner Entertainment through Hanna-Barbera developed and produced the series on its own, and neither TPS nor DiC was involved.)
Also, earlier in 1986, TPS, with the help of veteran anime translator Fred Ladd, produced a second English translation of the '70's anime Science Ninja Team Gatchaman called G-Force: Guardians of Space, which would subsequently air on TBS (1986) and Cartoon Network (1995–1997). TPS also held partial distribution rights to G-Force (along with King Features Entertainment) until all rights to the series reverted to license holder Sandy Frank Entertainment in 2003.
Upon Time Warner's purchase of Turner in 1996, TPS was merged into Telepictures Productions and the combined entity became known as Telepictures Distribution, which is now part of Warner Bros. Television Distribution (Telepictures still exists as a production company).