David Ellison just brought in a co-CEO to run his new empire: Meet Ynon Kreiz

1 day ago 7

Entertainment Person of the Year, Mattel's Chairman and CEO Ynon Kreiz speaks during the "Entertainment Person of the Year Seminar: Mattel’s Ynon Kreiz" session at Debussy Theatre during the Cannes Lions International Festival Of Creativity 2024 - Day Five on June 21, 2024, in Cannes, France.Richard Bord | Wireimage | Getty ImagesDavid Ellison has spent two years fighting to build his media empire. Now, he's bringing in a heavyweight to help him run it.Ynon Kreiz, outgoing CEO of Mattel, will serve as co-CEO of the combined Paramount Skydance and Warner Bros. Discovery, to be named simply Skydance, when the merger closes on Tuesday. The new entity will unite the storied film studios of Paramount and Warner Bros.; the CBS broadcast network; a sprawling portfolio of pay-TV networks that include CNN, TNT, MTV and BET; and streaming services Paramount+ and HBO Max, all under one roof.The appointment of Kreiz to a top executive position alongside Ellison speaks to a governance question that has surrounded Ellison's aggressive pursuit of the legacy media assets: The tech executive and son of billionaire Larry Ellison can buy it, but can he lead it? Not even 18 months ago, Ellison was the...

Read Entire Article






<