Paramount-Warner Bros merger: Who is staying, who is exiting as Skydance takes shape?
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Paramount and Skydance will complete their $110 billion-plus acquisition on October 6.
- ✓The new company will be called Skydance, with David Ellison remaining as chairman and CEO.
- ✓Ynon Kreiz joins as co-CEO on October 5.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Livemint
- Reading Speed
- 6 Minute(s)
- Market Focus
- India Economy
As Paramount Skydance prepares to complete its $110 billion-plus acquisition of Warner Bros. Discovery, the leadership structure of the combined entertainment company is becoming clearer. The new parent company will be called Skydance, with the transaction expected to close on October 6. David Ellison will remain chairman and CEO, while former Mattel chief Ynon Kreiz will join as co-CEO.
Several senior Paramount executives are set to take on expanded responsibilities, while some of Warner Bros. Discovery's top leadership will depart. Here is a look at the executives staying, those leaving and their key achievements.
Who is staying?
David Ellison — Chairman and CEO
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