Israeli-American businessman; chairman and CEO of Mattel; co-CEO of Skydance Paramount
Twelve state attorneys general have reached a settlement with Paramount Skydance that has cleared the way for its merger with Warner Bros. The deal has required independent editorial boards for CNN and CBS, a commitment to release at least 30 theatrical films a year and a $30m penalty if that output target is missed. Critics and media advocates have condemned the concessions.
Condé Nast chief executive Lynch will depart after seven and a half years to lead Mattel. Mattel has launched a search for a new leader, with interim management by Mike Perlis. Lynch emphasizes a track record of growth, while Mattel faces questions about Barbie-era sales and IP-driven strategy.
David Ellison has closed the roughly $110 billion merger that combines Paramount and Warner Bros. into a single company rebranded Skydance. The deal has folded HBO Max and Paramount+ together under one owner, brought CBS and CNN into the same corporate roof, and left the new firm carrying heavy debt while promising film release minimums and editorial safeguards.
Skydance has closed its landmark merger, uniting Paramount and Warner Bros. Discovery to form a media powerhouse. The deal brings HBO Max, Paramount+, CNN, CBS News, and iconic film titles under one umbrella, with Ellison and Kreiz leading the new group. The integration plan and pricing strategy remain uncertain as the company outlines its faster path to scale.
Skydance has completed its $111 billion merger, uniting Paramount Pictures and Warner Bros. Discovery under one umbrella and creating a media giant that also includes CNN, CBS News, HBO Max and Paramount+. The deal promises a future of unified streaming, cost savings, and potential job impacts across film and news divisions.
Skydance has secured equity injections as Paramount and Warner Bros. Discovery merge under its banner. Elon Musk’s roughly $1 billion investment deepens ties with Larry Ellison’s family as the new media empire targets at least $6 billion in annual cost savings amid a heavy debt load.