The new and huger Paramount has a new co-CEO

AI Summary

Paramount has appointed former Mattel chief Ynon Kreiz as co-CEO ahead of its planned $110 billion merger with Warner Bros. Discovery. Kreiz will oversee day-to-day management and integration alongside David Ellison, who will focus on strategy and creative direction.

Paramount is appointing a new co-CEO ahead of the close of its $110 billion merger with Warner Bros. Discovery. Ynon Kreiz, previously Mattel's chairman and CEO, will be joining Paramount to lead alongside chairman and CEO David Ellison. According to Paramount, "Ellison will focus on the company's long-term strategy, creative vision and direction, including its talent relationships, strategic partnerships, technology and capital allocation. Kreiz will focus on the company's day-to-day management and integration of the combined businesses." The combined Paramount and Warner Bros. Discovery will "report jointly" to Ellison and Kreiz. Kreiz … Read the full story at The Verge.