Daly currently serves as a non-executive advisor to Paramount Pictures, where he provides counsel on a number of strategic areas.

Daly also serves as Chair of the Board of Directors for the American Film Institute, an organization he has been involved with for many years.

Daly began as a gofer for the Columbia Broadcasting System in 1955, before beginning a career path to "president of entertainment".

[5] 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[citation needed]; 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.

He served as managing partner, chairman and chief executive officer of the Los Angeles Dodgers, overseeing all operations of the organization during the time they were owned by News Corp.[7] During the four year period Daly ran the organization, he took great pride in rebuilding the farm system.

In his five years as Board Chair, he oversaw annual program growth averaging 13.5 percent, serving 48 million children in 2008.

[11][12] Daly also owns a ranch where he raises chickens, sheep, goats, miniature horses and plants tomatoes.