Looks like Yakko, Wakko, et al. have been overlooked for yet another executive level position at their namesake corporation. Instead, Time Warner has opted to promote Kevin Tsujihara to CEO at Warner Bros. Tsujihara, who will be replacing Barry Meyer, has been at the company since 1994. Since 2005, he's served as the president of the company's Home Entertainment Group. The transition will occur in March, leaving Meyer in the chairman role at least through the end of the year. Tsujihara, who also sits on the MPAA's board of directors, "currently oversees the company's home video, digital distribution, video games, anti-piracy and emerging technology operations," according to a press release issued by Time Warner.
Time Warner Announces Kevin Tsujihara to Become CEO of Warner Bros.
Time Warner Inc. TWX -0.37% Chairman and CEO Jeff Bewkes and Warner Bros. Chairman and CEO Barry Meyer today announced that Kevin Tsujihara will become the next Chief Executive Officer of Warner Bros. Entertainment. Mr. Tsujihara will become CEO beginning March 1, 2013, succeeding Mr. Meyer, who will remain as Chairman through 2013.
In making the announcement Mr. Bewkes said, "Kevin is one of the most effective and respected executives within Time Warner, and the right leader to ensure Warner Bros.' preeminence into the future. He brings the perfect combination of strategic thinking, financial discipline, digital vision, and management style to build on Warner Bros.' track record of success under Barry Meyer."
Mr. Meyer added, "In working with Kevin for nearly 20 years, I've come to know and value a talented executive with a passion for this company and its people. He has skillfully guided one of the most complex businesses at Warner Bros. during a time of transition in the home entertainment sector, and has a deep appreciation and respect for the films and TV shows we create. Kevin has a rare combination of extraordinary business acumen and a love for the art of storytelling, and I'm confident he will be a great leader for Warner Bros."
Over the next several months, Mr. Meyer and Mr. Tsujihara will work together with other members of Warner Bros. senior executive team, including Warner Bros. Television President Bruce Rosenblum and Warner Bros. Pictures President Jeff Robinov, to ensure an orderly transition.
As President of Warner Bros. Home Entertainment Group since 2005, Mr. Tsujihara currently oversees the company's home video, digital distribution, videogames, anti-piracy, and emerging technology operations.
Mr. Tsujihara said, "It is an honor to have the opportunity to lead this storied business. We're at a pivotal moment in the histories of Hollywood and entertainment: technology is changing the canvas we use to create theatrical releases; home entertainment is rapidly evolving; and the definition of television now includes viewing across a wide range of devices and services. But in my mind one thing remains clear and constant: Warner Bros.' unmatched ability to tell stories that inspire, educate, and entertain global audiences. We are extremely fortunate to have strong relationships with some of the industry's most gifted talent and together we will continue to use those relationships, our scale, and our passion to build on Warner Bros. great legacy."
Mr. Tsujihara joined Warner Bros. in 1994 as Director, Special Projects, Finance to assist in the management of the company's interest in Six Flags. Across his nearly two decades with the company he has served as Executive Vice President, Corporate Business Development & Strategy, Warner Bros. Entertainment and, Executive Vice President, New Media, responsible for the oversight of all Warner Bros.' new media endeavors.
Mr. Tsujihara received his bachelor's degree in business administration from the University of Southern California and his MBA from Stanford University. He sits on the Board of Directors for the MPAA, City Year Los Angeles, an education focused, nonprofit organization, the Los Angeles Sports & Entertainment Commission, Kabam, the Verdugo Hills Hospital Foundation, and the Entertainment Software Association.
About Time Warner Inc.
Time Warner Inc., a global leader in media and entertainment with businesses in television networks, film and TV entertainment and publishing, uses its industry-leading operating scale and brands to create, package and deliver high-quality content worldwide through multiple distribution outlets.