Judge Approves Paramount's Settlement with States over Warner Buyout, Allowing Merger to Soon Close
Paramount must invest $300 million annually in domestic production, officials said, to resolve antitrust challenges.
- On Wednesday, Paramount CEO David Ellison announced Mattel CEO Ynon Kreiz will join as co-CEO on Monday, October 5, as the $110 billion merger with Warner Bros. Discovery nears completion.
- Kreiz steps down as chairman and CEO of Mattel today after eight years, with Conde Nast CEO Roger Lynch appointed to succeed him at the toy company.
- Ellison will focus on long-term strategy and creative vision, while Kreiz will oversee day-to-day management and integration, described as "a division of labor built on our complementary strengths, with clear reporting lines."
- Alongside the co-CEO announcement, Paramount+ head Cindy Holland is departing on Tuesday, and HBO CEO Casey Bloys will assume oversight of the combined Paramount-Warner Bros. Discovery streaming business.
- The merger remains subject to Judge Araceli Martinez-Olguin's approval of a legal settlement with 12 state attorneys general, and the combined entity must address a $52 billion debt pile.
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391 Articles
From Barbie to Batman, Israeli-American Ynon Kreiz Set to Co-Run $110bn Paramount-Warner Giant
Ynon Kreiz, who led Mattel during its entertainment expansion, has been appointed co-CEO of the planned Paramount and Warner Bros. Discovery combined company, Skydance.
David Ellison slots Israeli Ynon Kreiz into executive role at merged Paramount-Warner studios
Ellison appointed Kreiz, the Israeli-American former head of Mattel, to co-CEO
Paramount and Warner Bros. Discovery Merger Is Official, New Company Name Revealed
Hollywood’s latest mega-merger has cleared its final major hurdle. Paramount’s $111 billion acquisition of Warner Bros. Discovery has received court approval, paving the way for two of the industry’s biggest legacy studios to officially come together.The deal is expected to close on October 6, putting CEO David Ellison at the head of a massive entertainment operation spanning movies, television, streaming, cable and news. After months of legal c…
Israeli-Born Mattel Chief Ynon Kreiz Named Co-CEO Of $110 Billion Paramount-Warner Bros. Merger
NEW YORK (VINnews) — Ynon Kreiz, the Israeli-born executive who led Mattel through the blockbuster “Barbie” film, will become co-CEO of the company formed by Paramount’s roughly $110 billion takeover of Warner Bros. Discovery. Paramount Chairman and CEO David Ellison announced the appointment Wednesday, shortly after a federal judge approved a settlement that removes the […]
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