×
You will be redirected back to your article in seconds

Warner Bros. Vice Chairman Ed Romano to Retire

Warner Bros.’ vice chairman Ed Romano will retire at the end of June after 48 years with the studio and become an executive advisor to chairman and CEO Kevin Tsujihara and its senior management team.

Romano has served as vice chairman since December 2014. He served as executive VP and chief financial officer starting in 1994 until his promotion to vice chairman, worked closely with Tsujihara to implement growth strategies including international expansion, digital transition and resource reallocation from mature businesses to high opportunity, content-creating divisions.

“I have worked with Ed as long as I’ve been at Warner Bros. — in fact, it’s hard to imagine the Studio without him,” said Tsujihara. “He’s more than just a longtime employee, he’s part of the company’s history. I’m grateful for his partnership since I’ve been CEO, and while this is being called his retirement, I’m glad that we’ll still be able to draw upon his experience and counsel as a consultant. So I’ll thank him for his many years of service, but I won’t say goodbye.”

Barry Meyer, the chairman and CEO between 1999 and 2013, said, “Ed and I started at Warner Bros. three years apart and have been friends and colleagues for decades. He has been with the Studio through incredible periods of growth and change, and has been an important part of that evolution. Through all our years together at Warner Bros., no one was relied upon more, trusted more and respected more than Ed Romano. He will be missed.”

Bob Daly, the chairman and CEO from 1980 to 1999, said, “Ed has been an incredible asset to Warner Bros. for almost 50 years. He really is a company man — in the best sense — and his contributions to Warner Bros. are numerous. While he may be retiring, he’ll always be part of the Warner family.”

During Romano’s tenure, the studio’s revenues grew from $200 million in 1968 to $12.9 billion in 2015. Some of the deals in which Romano has been involved include the acquisition of Warner Hollywood Studios, the 1989 acquisition of Lorimar Television, the acquisition of the Wolper Organization and the formation of the WB Television Network (and subsequently the CW).

Other acquisitions include international TV production companies Shed Media and Eyeworks; multiple interactive game production companies, including TT Games; and the acquisition of Leavesden Studios in the U.K.

Romano has also served as assistant treasurer; controller; VP and controller; and senior VP and controller. He joined Warner Bros. after serving five years at Peat, Marwick, Mitchell & Co.

Popular on Variety

More Film

  • Angelina Jolie is Maleficent in Disney’s

    Box Office: 'Maleficent: Mistress of Evil' Dominates With Soft $36 Million

    Five years after Angelina Jolie’s “Maleficent” cast a spell over the box office, the villainous enchantress has returned to the top of domestic charts. Disney’s “Maleficent: Mistress of Evil,” a sequel to 2014’s fantasy adventure based on the “Sleeping Beauty” sorceress, flew lower than the original and debuted to a disappointing $36 million from 2,790 [...]

  • MIA Wrap

    Rome MIA Market Wraps With Stronger U.S. Presence, Boosts Italy's Industry Standing

    Rome’s MIA market for TV series, feature films and documentaries wrapped positively Sunday with organizers boasting a bump in attendance just as some 2,500 executives departed in an upbeat mood after four days of dealmaking and presentations of mostly European fresh product, which elevated Italy’s global standing in the industry, especially within the TV sector. [...]

  • Film Republic Adds Further Sales for

    Film Republic Inks Further Deals for 'God of the Piano' (EXCLUSIVE)

    Sales agent Film Republic has closed further territory sales on “God of the Piano.” Film Movement previously picked up North American rights to the film, as reported exclusively by Variety. Mont Blanc Cinema has taken the rights for Argentina, Chile, Uruguay and Paraguay. Limelight Distribution is looking after the Australian and New Zealand releases, Hualu [...]

  • ‘Bears Famous Invasion’s Lorenzo Mattotti Brings

    Lorenzo Mattotti on MIA Title ‘Bears Famous Invasion of Sicily’

    Illustrator Lorenzo Mattotti is no stranger to film festivals. The artist – a long-time New Yorker cover artist and onetime Lou Reed and Michelangelo Antonioni collaborator – has designed posters for past editions of Venice and Cannes, and has contributed to films that played in Toronto and Rome. This year, however, he experienced the festival [...]

  • Dreamworks Abominable

    'Abominable' Release in Malaysia Abandoned

    Plans to release the increasingly controversial Chinese-U.S. co-produced animation film “Abominable” in Malaysia have been dropped after the distributor said that it would not be cut to cater to political sensitivities. The film includes a scene which depicts a map showing the South China Sea and the so called “nine-dash line” that China uses to [...]

  • Hui He

    RAI Com Takes World Sales on Italy/China Doc About Star Soprano Hui He (EXCLUSIVE)

    Italy’s RAI Com has taken world sales on high-profile documentary “Hui He, the Soprano From the Silk Road,” which is about the personal and artistic journey of one of the world’s leading sopranos and also marks a milestone Italian-Chinese co-production. Hui He was born and trained as a singer in the Chinese city of Xi’an, [...]

  • Bruce Springsteen arrives for the New

    Bruce Springsteen Returns to NJ Hometown for Surprise 'Western Stars' Introduction

    Bruce Springsteen returned to his hometown of Freehold, New Jersey to offer a surprise introduction to the first public multiplex viewing of his concert/documentary film, “Western Stars.” Dressed simply in a brown jacket, Springsteen took a moment to say a few words at the AMC Freehold 14 movie theater on Saturday night. “We knew we [...]

More From Our Brands

Access exclusive content