David Ellison and Ynon Kreiz Announce Skydance Leadership Ahead of Merger Close

Key Facts

1The merger between Paramount Skydance and Warner Bros. Discovery is expected to close on Tuesday.

2David Ellison and Ynon Kreiz announced the leadership team for the new merged entity to be called Skydance.

David Ellison and Ynon Kreiz announced the leadership team for the new merged entity to be called Skydance. CNBC reported that the merger between Paramount Skydance and Warner Bros. Discovery is expected to close on Tuesday, establishing the executive hierarchy for the combined company.

WBD closed at $30.94 on October 2, 2026, while PSKY closed at $9.5 on the same date. The announcement of the leadership structure serves as a final operational step before the formal closing of the mega-merger, aimed at reducing execution uncertainty within the media industry.