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International Business Times UK
International Business Times UK
Entertainment
Bernadette B. Tixon

From Barbie to Batman, Israeli-American Ynon Kreiz Set to Co-Run $110bn Paramount-Warner Giant

Ynon Kreiz Paramount David Ellison Mattel Skydance Mark Ruffalo Warner Bros Israel Warner Bros Discovery X
Former Mattel chief executive Ynon Kreiz will serve as co-CEO of Skydance alongside David Ellison once the Paramount and Warner Bros. Discovery merger closes. (Credit: Gage Skidmore/WikiMedia Commons)

Former Mattel chairman and chief executive Ynon Kreiz has been appointed co-CEO of the company that will be formed by Paramount Skydance's planned acquisition of Warner Bros. Discovery. His role as co-CEO of the combined company will take effect when the merger closes.

Paramount announced the appointment on 30 September 2026. Kreiz is due to join Paramount on 5 October and become a member of its board, while David Ellison will remain chairman and CEO. The acquisition values Warner Bros. Discovery at approximately $110 billion (£82 billion) in enterprise value, including debt, and is expected to close on 6 October, subject to customary closing conditions.

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