Barry Meyer, Alan Horn staying at WB
Studio toppers re-up for two more yearsBarry Meyer and Alan Horn have signed on for another two years at Warner Bros. Entertainment.
The duo took over the reins at the Burbank-based studio nearly 10 years ago, when Meyer was promoted to chairman and CEO and Horn joined him as president and COO.
The two have run the studio since October 1999, when they took over following another dual partnership -- that of Terry Semel and Bob Daly.
Meyer had served as executive vp and COO, while Horn joined the studio from Castle Rock Entertainment, where he was chairman and CEO.
The studio had no comment Monday.
Committed to big tentpole movies including the Harry Potter franchise and the Batman series, Warners frequently has been atop the studio rankings during their tenure.
Buoyed by the worldwide success of "The Dark Knight," the studio's domestic boxoffice set an industry record of $1.79 billion in 2008 and foreign grosses reached the $1.81 billion mark. Warner Home Video also was the industry leader in its area, with an overall 21% market share.
At the same time, Warners, a unit of Time Warner, was buffeted by the forces that have led to cutbacks throughout Hollywood as it shut down its indie units Warner Independent Pictures and Picturehouse and downgraded New Line Cinema from a production/distribution entity into a studio label.
The studio also is in the process of eliminating 10% of its work force worldwide through layoffs, not filling open positions and outsourcing.