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Paramount, WBD Merger: New Co-CEO Named!
30 Sep
Summary
- David Ellison appointed Ynon Kreiz as Co-CEO for the merged entity.
- The merger combines Paramount and Warner Bros. Discovery.
- Kreiz recently departed his role as CEO of Mattel.
David Ellison has announced Ynon Kreiz as the Co-CEO of the anticipated Paramount Skydance Corporation, with the appointment effective upon the merger's closing. This announcement comes shortly after a federal judge approved the antitrust settlement between Paramount, Warner Bros. Discovery, and a coalition of state Attorneys General. Kreiz recently concluded his tenure as CEO of Mattel.
Ellison expressed enthusiasm about the transformational moment for the media industry, emphasizing the need for strong leadership in uniting Paramount and Warner Bros. Discovery. He cited Kreiz's strategic vision, operational depth, and public company experience as essential qualifications for the role.
Ellison detailed a division of labor based on complementary strengths, stating that Kreiz will bring strong leadership and operational firepower to the integration. Ellison himself will focus on long-term strategy, creative direction, talent relationships, strategic partnerships, technology, and capital allocation. Both leaders share a like-minded vision for building a creator-first, tech-forward, and globally scalable integrated company.
