Mergers & AcquisitionsMedium•30 September 2026•
1 min read
Ynon Kreiz Named Co-CEO of Combined Paramount and Warner Bros. Discovery Entity
Key Facts
1David Ellison announced Mattel CEO Ynon Kreiz will serve as Co-CEO of the combined Paramount and Warner Bros. Discovery entity upon closing.
2Ellison will lead strategy and creative technology, while Kreiz will oversee day-to-day operations and the integration of the combined businesses.
David Ellison announced that Mattel CEO Ynon Kreiz will serve as Co-CEO of the combined entity formed by the merger of Paramount and Warner Bros. Discovery. According to a PR Newswire statement, Kreiz will oversee day-to-day operations and the integration of the combined businesses upon closing, while Ellison will lead strategy and creative technology.
Warner Bros. Discovery (WBD) shares closed at $30.85 on September 29, 2026, and Mattel (MAT) shares closed at $13.22 on the same date. The leadership appointment is part of a structured plan to pair Ellison’s strategic vision with Kreiz’s operational experience to manage the integration of the two media giants.