LOS ANGELES, CA, February 24, 2011 – The American Film Institute (AFI) today announced that the Time Warner Foundation is donating $1 million to AFI in recognition of Barry Meyer and Alan Horn’s years of leadership at Warner Bros. (as Chairman and CEO, and President and COO, respectively). The honor will be acknowledged with the rededication of the Warner Bros. Building on the AFI Campus.

The Warner Bros. Building is the cornerstone of AFI’s eight-acre campus located in the hills overlooking Hollywood and has served as the training ground for generations of established, award-winning filmmakers including Caleb Deschanel, Marshall Herskovitz, Janusz Kaminski, David Lynch and Ed Zwick, to name a few. This year alone, AFI Awards, the Institute’s almanac which honors the top movies and television programs of each prior year, included the contributions of 24 AFI Conservatory alumni — among them Darren Aronofsky, Jon Avnet, Pieter Jan Brugge, Jay Cassidy, Robert Elswit, Brad Falchuk, Carl Franklin, Lesli Linka Glatter, Matthew Libatique and Wally Pfister.

“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,” said Robert A. Daly, Chairman of the AFI Board of Directors and former Chairman and CEO of Warner Bros. “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.”

“Barry and Alan have overseen one of the most creative and successful periods in Warner Bros.’ history,” said Jeff Bewkes, Chairman and Chief Executive Officer, Time Warner Inc. “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.”

Under Meyer and Horn’s leadership, Warner Bros. enjoys unmatched success across its global entertainment businesses. Warner Bros. Pictures has surpassed the billion-dollar mark at both the domestic and international box offices for 10 consecutive years and, in 2010, set new benchmarks for both international and global box office grosses, while retaining its number one domestic box office ranking (after achieving a record gross in 2009). Warner Bros.’ television and home entertainment operations are also industry leaders, producing some of the world’s most popular and profitable television series, video games and digital entertainment offerings.

Meyer and Horn assumed their current positions in 1999. Meyer joined the Studio in 1971 in the business affairs department of Warner Bros. Television and held a number of positions before being named Chairman and CEO. Horn joined Warner Bros. in 1999 upon acceptance of his post as President and COO.