Live Feeds
● LIVE Updated 1h ago · 17 sources tracked

David Ellison just brought in a co-CEO to run his new empire: Meet Ynon Kreiz

David Ellison has appointed Mattel chief Ynon Kreiz as co-CEO of the newly combined Paramount and Warner Bros. Discovery empire. Kreiz secured a five-year deal that includes a $31.5 million signing bonus and a total pay package worth more than $46.5 million. Recognized as a cost-cutter, Kreiz takes the reins as the newly minted media giant introduces itself to Wall Street and navigates the massive operational overhaul following the merger close.

🎙️

Listen to Live Briefing

Real-time synthesized voice briefing · Live Feeds Desk

⏱ ~3 min
Speed:
RSS Source map (17)
⚡ Key Developments & Real-Time Context
Text size:
  • ✓ Mattel chief Ynon Kreiz was named co-CEO of the combined Paramount and Warner Bros. company.
  • ✓ Ynon Kreiz received a five-year deal featuring a $31.5 million signing bonus.
  • ✓ Ynon Kreiz will receive a total pay package worth more than $46.5 million.
  • ✓ David Ellison appointed Kreiz to lead operations following the merger of Paramount and Warner Bros. Discovery.
🛡️ Source Corroboration: 17 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

David Ellison tapped Mattel chief Ynon Kreiz to serve as co-CEO of the newly combined Paramount and Warner Bros. Discovery entity under a five-year contract.

Live updates

  1. Mattel Chief Ynon Kreiz Appointed Co-CEO of Paramount-Warner Bros.

    David Ellison has appointed Mattel chief Ynon Kreiz as co-CEO of the newly combined Paramount and Warner Bros. Discovery empire. Kreiz secured a five-year deal that includes a $31.5 million signing bonus and a total pay package worth more than $46.5 million. Recognized as a cost-cutter, Kreiz takes the reins as the newly minted media giant introduces itself to Wall Street and navigates the massive operational overhaul following the merger close.

    Why it matters

    The appointment follows David Ellison's acquisition of Warner Bros. Discovery, a transaction valued at $111 billion that reshapes the Hollywood studio system to rival Disney and Netflix. The leadership transition marks a critical phase for the combined media titan, which plans to initially bundle HBO Max and Paramount+ before merging them into a single service. Industry watchers are closely tracking executive changes and strategic integrations as the newly formed mega-studio establishes its footing.

    What is confirmed

    • Mattel chief Ynon Kreiz was named co-CEO of the combined Paramount and Warner Bros. company.
    • Ynon Kreiz received a five-year deal featuring a $31.5 million signing bonus.
    • Ynon Kreiz will receive a total pay package worth more than $46.5 million.
    • David Ellison appointed Kreiz to lead operations following the merger of Paramount and Warner Bros. Discovery.

    Still unconfirmed

    • Warner Bros. film heads are reportedly out following the merger.

    What to watch next

    • Further executive appointments and departures under the new co-CEO leadership
    • Operational updates regarding the bundling and eventual merger of HBO Max and Paramount+
    Sources used for this update (17)
    1. CNN — Who is Ynon Kreiz, the new co-CEO of the combined Paramount-Warner Bro. company?
    2. nytimes.com — Mattel Chief Named Co-C.E.O. of Combined Paramount and Warner Bros.
    3. Variety — Ynon Kreiz, as Co-CEO of Paramount, to Receive Pay Package Worth More Than $46.5 Million
    4. deadline.com — Ynon Kreiz, Newly Minted Co-CEO Of Paramount, To Get Pay Bump After WBD Merger Close
    5. Reuters — David Ellison's appointment of Kreiz brings cost-cutter to Paramount-Warner Bros Discovery
    6. The Hollywood Reporter — Ynon Kreiz Gets $31.5 Million Signing Bonus In Five-Year Paramount-Warner Bros. Deal
    7. The Times of Israel — Israeli-American Ynon Kreiz, a cost-cutter, tapped as co-CEO of Paramount-Warner Bros Discovery
    8. The Jerusalem Post — Israeli businessman appointed to lead operations amid Paramount-Warner merger
    9. pagesix.com — Former Disney TV chairman spotted dining with new Paramount co-CEO, amid report Warners film heads are out
    10. cnbc.com — David Ellison just brought in a co-CEO to run his new empire: Meet Ynon Kreiz
    11. WSJ — Mattel’s Ynon Kreiz Named Co-CEO at Paramount-Warner
    12. finance.yahoo.com — Paramount Skydance (PSKY) Names Ynon Kreiz Co Chief Executive Officer, Is It Fully Valued?
    confidence 100%
📊

Community Sentiment: How do you assess this situation?

Voice your perspective · Real-time aggregated sentiment from the Live Feeds community