Warner Bros. Consumer Products Founder and President, Dan Romanelli, Names Brad Globe Executive Vice President and General Manager

(January 25, 2005 - Burbank, CA) - Warner Bros. Consumer Products’ Founder and President, Dan Romanelli announced today that Brad Globe, one of the entertainment industry’s most highly regarded consumer products executives, has been appointed Executive Vice President and General Manager, Warner Bros. Worldwide Consumer Products effective February 7, 2005. Reporting to Romanelli, Globe will be responsible for oversight of the day-to-day operations of Warner Bros. Consumer Products’ global business. Romanelli also announced Globe as his successor, effective July 2006. At that time, Romanelli will take a creative entrepreneurial role within the Company. “Since Dan founded Warner Bros. Consumer Products more than 20 years ago, he’s built it into one of the most successful and respected licensing, merchandising and retail businesses in the industry,” said Barry Meyer, Chairman & Chief Executive Officer, Warner Bros. Entertainment Inc. “Dan has charted a strategic transition that sets the division on a solid course for even more success. We are especially pleased that we will continue to benefit from Dan’s vision when he turns his focus to being a creative entrepreneur for us.” “Dan and his team expand the entertainment experience for fans of all ages, which has been instrumental in helping us build some of the world’s strongest entertainment franchises,” said Alan Horn, President & Chief Operating Officer, Warner Bros. Entertainment Inc. “While I’m truly saddened that Dan has decided to move into this entrepreneurial role, I respect his decision and will welcome Brad to our Company and look forward to working with him.” In partnering with Globe, Romanelli turns to a longtime industry colleague and one of entertainment licensing’s most prolific executives. “Brad and I have been close friends and colleagues for more than 20 years,” said Romanelli. “He will add immediate value to our business and the incredible team we have in place. And as we transition the leadership of the division into his capable hands, I am confident that he will take our business to new levels. His experience, success, and the credentials he’s accumulated make him the perfect choice to lead Warner Bros. Consumer Products into the future.” Meyer added: “Working with Brad in the past, I have witnessed firsthand the expertise that makes him perfectly and uniquely suited to build upon the foundation of success that Dan and his team have built. We are very pleased to welcome him to the Warner Bros. family.” Globe comes to Warner Bros. Consumer Products from DreamWorks, where he headed their global consumer products business. Globe joined Steven Spielberg at the inception of Amblin Entertainment in 1983 where he oversaw licensing and marketing for the company. Upon the formation of DreamWorks in 1994 he took over responsibility for building the Consumer Products division. “I am very excited to be joining Warner Bros. Consumer Products and to have the opportunity to work with Dan and his outstanding team. Dan and I have partnered on a number of successful projects over the years and I have enormous respect for his vision, leadership and creativity,” said Globe. “Few companies possess the breadth of properties and franchises that make up the Warner Bros. Consumer Products portfolio and I am looking forward to being part of the growth and development of the business.” Globe added: “I have been incredibly fortunate to have worked with Steven over the past 22 years. I could not have asked for a more generous and supportive mentor who always provided a creative and stimulating environment in which to work. And I appreciate the opportunity given to me by Steven, Jeffrey and David to play a role in the formation and growth of DreamWorks.” Steven Spielberg said: “For over two decades, Brad has been more than just a part of my creative team — he’s been a caring friend and a good brother to me as well. I’m really going to miss him, but given the success we’ve shared together neither of us can shed too many tears. The memories will live forever, and Brad’s contributions to Amblin Entertainment and DreamWorks SKG are too numerous to mention. In the future the only thing dividing Brad from DreamWorks will be Barham Boulevard.” Globe is known for successful collaborations with filmmakers, strong retail relationships and developing strategic partnerships with licensees and corporate marketers. He has developed some of the largest and most innovative programs over the course of his career for such storied franchises as "Jurassic Park," "E.T. The Extra-Terrestrial," "American Tail," "Who Framed Roger Rabbit," "The Land Before Time," "Steven Spielberg Presents Tiny Toon Adventures," "Steven Spielberg Presents Animaniacs" and, most recently, the Academy Award-winning "Shrek" and "Shrek 2." About Warner Bros. Consumer Products Warner Bros. Consumer Products, a Warner Bros. Entertainment Company, is one of the leading licensing and retail merchandising organizations in the world. # # #