his duties as chief of television operations at CBS, Daly was also responsible for CBS Theatrical Films, which was formed in October 1979. During his 25-year association with CBS, Daly served in various posts, including executive vice president of CBS Television Network and vice president of business affairs. Warner Bros. Having left CBS, he joined Warner Bros. on December 1, 1980. His titles were chairman of the board and co-chief executive officer. One year later, he was named chairman of the board and chief executive officer and appointed Terry Semel president and chief operating officer. Daly resumed his previous title on March 30, 1994, when he announced he would share his office with Semel. On November 16, 1995, Daly and Semel added the Warner Music Group to their responsibilities and also became chairmen and co-chief executive officers of Warner Music Group. On July 15, 1999, Daly and Semel announced they would not seek to renew their contracts with Time Warner (the parent company of Warner Bros. and the parent company at the time of the Warner Music Group), which expired at the end of 1999. During the Daly/Semel era at Warner Bros., they were credited for 16 consecutive years of record earnings; for more than 400 major motion pictures (that garnered 13 Best Picture Oscar nominations, three of which were winners: Chariots of Fire, Driving Miss Daisy and Unforgiven); for thousands of hours of top-rated, top-quality and record-breaking television series (including China Beach, Murphy Brown, Friends and ER); for creating the current model of co-financing motion pictures while retaining worldwide distribution; and for extending and revitalizing such world renowned brands as Batman, Superman and Looney Tunes characters into franchises, licensed products and into worldwide retail stores. Other accomplishments by Daly and Semel include developing the leading distribution operations in the world for feature films, television and home video as well as the emerging technologies; pioneering the creation and use of DVD; creating The WB Network; being at the forefront of marketing films, series and animation on the Internet; and for generally diversifying the studio into a global leader in every aspect of the entertainment industry. Daly and Semel and their partnership were immortalized on September 30, 1999 as the pair put their hands and footprints in the same cement square in the forecourt of Grauman's Chinese Theatre, only the second studio executives in history to do so. However, some people