Israeli-American businessman, current chairman and CEO of Mattel
A US judge has approved a Sept. 21 consent decree that settles a 12‑state antitrust challenge and has cleared the way for Paramount’s takeover of Warner Bros. The five‑year deal requires the combined company to release at least 30 US theatrical films a year, negotiate certain cable deals separately, and create panels to protect CNN and CBS editorial independence. Mattel CEO Ynon Kreiz has been named co‑CEO to run operations alongside David Ellison.
Skydance has completed a monster merger that unites Paramount Pictures, Warner Bros., CBS, CNN, HBO Max, and Paramount+. The deal creates a single behemoth under David Ellison, with Ynon Kreiz as co-CEO, steering a portfolio of studios, networks, and streaming services. Regulators have secured guardrails, including a minimum annual film slate and geographic production requirements.
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.
Paramount’s Skydance merge unites major studios, streaming services, and networks under a single group, reshaping Hollywood and the global media landscape. The deal includes HBO Max, CNN, Channel 5, TNT Sports, and iconic franchises like Harry Potter, Top Gun, and The Godfather. Regulators worldwide have approved the transaction after a lengthy bidding battle, with leadership shifts under David Ellison and Ynon Kreiz.