Warner Bros. announces succession plan

1:37 PM PST 09/22/2010 by Gregg Kilday, AP

Barry Meyer extends contract until 2013

Barry Meyer, chairman and CEO of Warner Bros., is extending his contract through December 2013 as part of a management restructuring that Time Warner chairman and CEO Jeff Bewkes announced Wednesday.

Alan Horn, Warners president and COO, will remain in his current role for the next six months, but will then leave eight months earlier than his current contract stipulates, seguing into a consultancy that will also go through the end of 2013. Wednesday's news confirms what The Hollywood Reporter first reported on Sept. 2 -- that Bewkes was leaning toward extending Meyer's contract, and that Horn's role could be diminished.

The next generation of Warner execs -- Jeff Robinov, Bruce Rosenblum and Kevin Tsujihara -- will share power as part of a new Office of the President and will all report to Meyer beginning in April.

Once Meyer departs, instead of naming one or two of the three execs as chairman, Bewkes currently plans to continue the Office of the President structure, with all three heading the studio going forward.

Robinov, president of the Warners film group, will take on the responsibility for greenlighting films that currently belongs to Horn; Rosenblum is president of the television group; and Tsujihara is president of the home entertainment group.

Each will retain his current responsibilities while becoming more engaged in the operations of the overall company, the announcement said.

"After a great deal of thought and many discussions with Barry and Alan, we decided that this phased plan was in the best interest of Warner Bros. and its businesses," Bewkes said. "Barry and Alan have overseen the most successful years in the company's history, and I am very pleased that they are remaining to guide this transition and to ensure as little disruption to our operations as possible."

Bewkes continued, "The formation of the Office of the President acknowledges the many contributions Jeff, Bruce and Kevin have made and the leadership they continue to show not only in their businesses but in our industry as well."

While Meyer said that the plan underlines the "stability and consistency" for which Warners is known, Horn, who will be making an early exit, said, "It's been a privilege and an honor to work at Warner Bros. and to build its motion pictures operations into a global force. From our beloved Harry Potter to all the wonderful films we have going forward, I am very proud of what we've accomplished and happy that Barry and I will continue to provide support to the studio going forward."



Read the complete press release after the jump.




 
Effective April 1, 2011, Barry Meyer, Chairman and CEO, to Extend Contract and Alan Horn, President and COO, to Enter a Consultancy Agreement until End of 2013
 
Jeff Robinov, President, Warner Bros. Pictures Group, Bruce Rosenblum, President, Warner Bros. Television Group, and Kevin Tsujihara, President, Warner Bros. Home Entertainment Group, to form Office of the President
 
NEW YORK, September 22, 2010 – Jeff Bewkes, Chairman and CEO, Time Warner Inc., announced leadership changes at Warner Bros. to position the company for succession.  As part of the plan, Barry Meyer, Chairman and CEO, and Alan Horn, President and COO, will remain in their current roles for the next six months.  Beginning April 1, 2011, Meyer will extend his contract, and Horn will enter into a consultancy agreement, both through December 2013.   
 
In addition, Bewkes also announced the formation of an Office of the President comprised of Jeff Robinov, President, Warner Bros. Pictures Group; Bruce Rosenblum, President, Warner Bros. Television Group; and Kevin Tsujihara, President, Warner Bros. Home Entertainment Group, which will report to Meyer beginning on April 1, 2011.   In this capacity, each executive will retain his current responsibilities while becoming more engaged in the operations of the overall company, at a time of convergence of content and distribution platforms throughout the entertainment industry.
 
“After a great deal of thought and many discussions with Barry and Alan, we decided that this phased plan was in the best interest of Warner Bros. and its businesses,” said Bewkes. “Barry and Alan have overseen the most successful years in the company’s history, and I am very pleased that they are remaining to guide this transition and to ensure as little disruption to our operations as possible.”  
 
Bewkes continued, “The formation of the Office of the President acknowledges the many contributions Jeff, Bruce and Kevin have made and the leadership they continue to show not only in their businesses but in our industry as well.  Their vision will take Warner Bros. into the future, and we are very confident in their abilities to chart its  strategic direction and define new areas of growth for the company.”
 
“Stability and consistency are the hallmarks of Warner Bros., and this plan underscores our commitment to an orderly succession and to promoting from within,” said Meyer.  “I have been enormously fortunate to have a partner in Alan Horn, whose integrity and talent are unrivaled, and with whom I have worked side by side for the past 12 years.  I am very glad that we will continue to work together and that his consultancy is linked to my future plans at the company.”
 
Horn said, “It’s been a privilege and an honor to work at Warner Bros. and to build its motion pictures operations into a global force. From our beloved Harry Potter to all the wonderful films we have going forward, I am very proud of what we’ve accomplished and happy that Barry and I will continue to provide support to the Studio going forward.” 
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