Mergers & Acquisitions ·
Paramount Skydance appoints Ynon Kreiz as Co-CEO with up to 5 million base salary post-Warner Bros. Discovery merger closing
PSKYSkydance Corp
Paramount Skydance appointed Ynon Kreiz as Co-Chief Executive Officer and Board member effective October 5, 2026, while David Ellison remains sole principal executive officer. Kreiz receives a $3.5 million base salary and $1.5 million target bonus, increasing to $5 million and $4.9 million respectively upon the Warner Bros. Discovery merger closing. He is granted RSUs totaling 3.875 million shares plus annual awards valued at $15 million ($20.1 million post-closing). The WBD merger is expected to close on October 6, 2026, converting each WBD share into approximately $31.02 in cash. Paramount Skydance operates as a global media and entertainment company.