AFI Receiving $1 Mil Donation in Recognition of Alan Horn and Barry Meyer
Time Warner Foundation's gift is in honor of the twelve-year tenure of the Warner Bros. co-chairs/CEOs.
In recognition of Barry Meyer and Alan Horn's successful twelve-year tenure at Warner Bros., the Time Warner Foundation is donating $1 million to the American Film Institute.
The honor will be acknowledged with the rededication of the Warner Bros. Building on the AFI Campus in Hollywood, the AFI announced Thursday. The building is the cornerstone of AFI's eight-acre campus.
"Warner Bros. has been a proud supporter of AFI's mission to preserve the history of the motion picture, to honor the artists and their work and to educate the next generation of storytellers since its establishment in the White House Rose Garden in 1965," Robert A. Daly, chairman of the AFI board
of directors and former chairman and CEO of Warners, said. "I am honored to serve with Alan and Barry on the AFI Board of Trustees and it is only fitting that their success at Warner Bros. over the past 12 years is memorialized on this historic building that serves to train the best and the brightest future filmmakers."
Meyer and Horn have been serving as chairman/CEO and president/COO respectively since 1999. As part of a succession plan, Meyer is to continue to serve as chairman through 2013; Horn, who is stepping down from his post this spring, will serve as a consultant to the company through the same period.
During their partnership atop the studio, the two execs have presided over numerous records: Warner Bros. Pictures, home to the blockbuster Harry Potter franchise, has surpassed the billion-dollar mark at both the domestic and international box offices for 10 consecutive years and, in 2010.
"Barry and Alan have overseen one of the most creative and successful periods in Warner Bros.' history," Time Warner chairman/CEO Jeff Bewkes said. "The company is proud to support AFI in its mission and to honor the many contributions that Barry and Alan have made to our company and to the industry."