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Paramount Appoints Ynon Kreiz as Co-CEO Ahead of Warner Bros. Discovery Merger Close
Key points
- Ynon Kreiz appointed co-CEO of Paramount.
- Kreiz previously served as Mattel's chairman and CEO.
- He will focus on day-to-day management and business integration.
- Merger with Warner Bros. Discovery recently cleared legal hurdles.
New Leadership for Merged Entity
Paramount has announced the appointment of Ynon Kreiz as co-CEO, effective October 5th. Kreiz, who previously held the positions of chairman and CEO at Mattel, will join David Ellison in leading the company. This leadership change precedes the finalization of Paramount's $110 billion merger with Warner Bros. Discovery.
Roles and Responsibilities
In their new roles, David Ellison will concentrate on Paramount's long-term strategy, creative vision, talent relationships, strategic partnerships, technology, and capital allocation. Ynon Kreiz will be responsible for the company's day-to-day management and the integration of the combined businesses. Both executives will jointly oversee the merged Paramount and Warner Bros. Discovery operations.
Background and Recent Developments
Kreiz's tenure at Mattel began in 2018, during which he oversaw the production of the 'Barbie' film in collaboration with Warner Bros. Pictures. Concurrently with this announcement, a judge approved Paramount's settlement in a lawsuit with several states that had been impeding the Warner Bros. Discovery merger. Additionally, Paramount's streaming chief, Cindy Holland, announced her departure, with HBO boss Casey Bloys reportedly poised to take over both Paramount Plus and HBO.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
Paramount appointed Ynon Kreiz, former Mattel CEO, as co-CEO to lead the company alongside David Ellison, effective October 5th. This appointment occurs as Paramount's $110 billion merger with Warner Bros. Discovery nears completion, following a recent legal settlement approval.