David Ellison Announces Ynon Kreiz as Co-CEO of Merged Paramount and Warner Bros. Discovery
Paramount Skydance Corporation (NASDAQ: PSKY) has announced that David Ellison, Chairman & CEO, will be joined by Ynon Kreiz as Co-CEO upon the closing of its merger with Warner Bros. Discovery. Kreiz brings over three decades of experience in media and entertainment leadership from his role at Mattel since 2018. The new structure divides responsibilities: Ellison will focus on long-term strategy, creative direction, technology, and capital allocation, while Kreiz will oversee daily operations and integration efforts. This strategic move aims to combine complementary strengths as the merged entity seeks to build a next-generation global media company. Both leaders emphasize their shared vision for an integrated business that is creator-first, tech-forward, and globally scalable. The appointment reflects Ellison's long-term plan of acquiring both companies before bringing in strong operational leadership. Kreiz will begin his role on October 5, 2026, with the merger expected to close shortly thereafter.
Topics: Corporate Strategy Leadership Mergers & Acquisitions