David Ellison names Ynon Kreiz co-CEO of Paramount and Warner Bros. Discovery
Paramount CEO David Ellison announced outgoing Mattel chief Ynon Kreiz will serve as the co-CEO of the anticipated combination of Paramount and WBD.
TL;DR
- Ynon Kreiz, former CEO of Mattel, will be co-CEO of Paramount and Warner Bros. Discovery.
- He will work with current CEO and chairman of Paramount, David Ellison.
- Kreiz will manage day-to-day operations and integration of the merged companies.
- Ellison will focus on long-term strategy, creative vision, and talent relationships.
- The merger, valued at $110 billion, is expected to close on October 6th.
- The deal received approval after settling an antitrust lawsuit.