Who is Ynon Kreiz, David Ellison's co-CEO at Skydance?
David Ellison has appointed former Mattel CEO Ynon Kreiz as co-CEO of the newly merged Skydance and Warner Bros. Discovery entity. The move aims to stabilize leadership as the company integrates massive media assets including Paramount, CBS, and various streaming platforms.
Why it matters
This merger creates a massive media conglomerate, and the leadership structure will determine the future of several major legacy entertainment brands.
David Ellison has spent two years fighting to build his media empire. Now, he's bringing in a heavyweight to help him run it.
Ynon Kreiz, outgoing CEO of Mattel , will serve as co-CEO of the combined Paramount Skydance and Warner Bros. Discovery , to be named simply Skydance , when the merger closes on Tuesday.
The new entity will unite the storied film studios of Paramount and Warner Bros.; the CBS broadcast network; a sprawling portfolio of pay-TV networks that include CNN, TNT, MTV and BET; and streaming services Paramount+ and HBO Max, all under one roof.
The appointment of Kreiz to a top executive position alongside Ellison speaks to a governance question that has surrounded Ellison's aggressive pursuit of the legacy media assets: The tech executive and son of billionaire Larry Ellison can buy it, but can he lead it?
Also covering this story
11 other newsrooms covered this event. We read each version separately.
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