TECHNOLOGY · VERIFIED DEVELOPMENT
Paramount Names Ynon Kreiz as Co‑CEO Ahead of Warner Bros. Discovery Merger
WHY IT MATTERS
The appointment signals Paramount’s strategy to manage the complex integration of a $110 billion merger, ensuring operational continuity while preserving creative direction and capital efficiency across the expanded media empire.
What happened
Paramount has appointed Ynon Kreiz, former Mattel chairman and CEO, as co‑chief executive officer to work alongside current chairman and CEO David Ellison. The move comes as the studio prepares to finalize its $110 billion merger with Warner Bros. Discovery.
Kreiz will oversee day‑to‑day operations and the integration of the combined businesses, while Ellison will concentrate on long‑term strategy, creative vision, talent relationships, strategic partnerships, technology and capital allocation. Together, the two executives will jointly report on the newly merged Paramount and Warner Bros.
Discovery. The dual‑leadership structure aims to streamline the transition and maintain continuity across the expanded media conglomerate.
PRIMARY SOURCES
The new and huger Paramount has a new co-CEO
The Verge · Jay Peters · Discovery only; Vox Media copyright terms apply
CORRECTIONS & UPDATES
- Revision 1 · Initial ingestion · Oct 1, 2026, 12:01 AM
- Revision 2 · Source update detected · Oct 1, 2026, 12:01 AM