Time Warner Announces Kevin Tsujihara to Become CEO of Warner Bros.

  Time Warner Announces Kevin Tsujihara to Become CEO of Warner Bros.

 Tsujihara to take reins as CEO in March 2013, with Barry Meyer remaining as
                          Chairman through year-end

Business Wire

NEW YORK -- January 28, 2013

Time Warner Inc. (NYSE:TWX) 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.

Kevin Tsujihara, President, Warner Bros. Home Entertainment and next Warner
Bros. Entertainment CEO ...

Kevin Tsujihara, President, Warner Bros. Home Entertainment and next Warner
Bros. Entertainment CEO (Photo: Business Wire)

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

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

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.

About Warner Bros. Entertainment

Warner Bros. Entertainment is a global leader in all forms of entertainment
and their related businesses across all current and emerging media and
platforms. A Time Warner Company, the fully integrated, broad-based Studio is
home to one of the most successful collections of brands in the world and
stands at the forefront of every aspect of the entertainment industry from
feature film, television and home entertainment production and worldwide
distribution to Blu-ray and DVD, digital distribution, animation, comic books,
video games, product and brand licensing and broadcasting.

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Sue Fleishman, 818-954-1919
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