Mere minutes after a federal judge signed-off on the antitrust settlement deal between Paramount, Warner Bros Discovery and a dozen blue state Attorneys General, David Ellison has unveiled a co-CEO for his $111 billion merger company.
“Paramount Skydance Corporation (NASDAQ: PSKY) (the “Company”) today disclosed that David Ellison has announced Ynon Kreiz as Co-CEO of the anticipated merged company, effective at closing,” said Paramount in a statement this afternoon
Having just departed his perch at Mattel, Kreiz was tapped for a top job at ParaBros — but the co-pilot gig didn’t seem to be in the cards
“Bringing together Paramount and Warner Bros. Discovery to create a next-generation global media company is a transformational moment for our industry,” Ellison said Wednesday.
“Leading it takes a rare combination of strategic vision, operational depth and experience running a public company at the highest levels of media,” he added of the new co-CEO position. “Ynon brings all three. In Ynon, I’m adding a partner with strong leadership and the operating firepower this integration demands. It’s a division of labor built on our complementary strengths, with clear reporting lines and it lets me focus where I can contribute most: long-term strategy, the company’s overall creative direction, talent relationships, strategic partnerships, technology and capital allocation. We’re like-minded, we see this business the same way and there’s no one I’d rather partner with. Together we’ll build one integrated company that is creator-first, tech-forward and built to scale globally.”
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