The partnership marks a strategic pivot for the combined entity, which aims to become a powerhouse of next-generation entertainment. Ellison will retain control over long-term strategy, technology, and talent relationships, while Kreiz, currently the CEO of Mattel, will manage the day-to-day operations and the complex integration of the two studios. This division of labor is intended to maximize the potential of a combined portfolio that includes iconic assets like HBO, CBS, CNN, and Paramount Pictures.
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David Ellison Taps Ynon Kreiz to Co-Lead Merged Media Giant
As Paramount nears its massive consolidation with Warner Bros. Discovery, Chairman and CEO David Ellison has selected Ynon Kreiz to serve as Co-CEO. The appointment, effective upon the merger’s closing, pairs Ellison’s focus on creative strategy with Kreiz’s deep experience in operational integration and global media scaling.
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Kreiz brings a 30-year track record to the role, having led Mattel through an aggressive transformation that included the global success of the Barbie film. His background also spans leadership roles at Maker Studios and Endemol Group. For Ellison, the move is the culmination of a long-term plan to secure a partner capable of navigating the financial and operational demands of uniting two of Hollywood’s most storied companies. The merger is expected to generate over $6 billion in run-rate synergies, with the new leadership team targeting a 16-19% increase in projected revenue and EBITDA for 2026.
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