What changed
Paramount Skydance Corporation (NASDAQ: PSKY) disclosed that Chairman and CEO David Ellison has named Ynon Kreiz as Co-CEO of the anticipated merged Paramount and Warner Bros. Discovery, effective at closing. Kreiz starts at Paramount on October 5, 2026, joining from Mattel, where he has served as Chairman and CEO since 2018. Upon closing, Ellison remains Chairman and CEO, focusing on long-term strategy, creative direction, talent relationships, strategic partnerships, technology and capital allocation, while Kreiz as Co-CEO oversees day-to-day operations and integration of the combined businesses and joins the Board of Directors. The combined company's businesses will report jointly to both executives.