David Ellison of Paramount Skydance said that after completing the $110 billion pending acquisition of Explore Warner Bros., former Mattel CEO Inon Kreiz will be the co-CEO of the merged company. According to a statement released by Paramount on Wednesday, Ellison will remain the company's chairman. Company executives will report on their work to both at the same time. “Inon is a partner with strong leadership and operational strength, which is exactly what this integration requires,” Ellison said. This appointment is just one of many changes in leadership expected by Paramount. As Ellison forms a team that combines top talent from Warner Bros. with senior executives such as Kreez, he will be responsible for managing this complex merger deal. The deal will combine two major film studios, streaming platforms, TV network assets, and news media under the same ownership. A federal judge in California signed an agreement to resolve lawsuits brought by 12 state attorneys general against the merger, thus clearing the way for the merger to be completed.

David Ellison of Paramount Skydance said that after completing the $110 billion pending acquisition of Explore Warner Bros., former Mattel CEO Inon Kreiz will be the co-CEO of the merged company. According to a statement released by Paramount on Wednesday, Ellison will remain the company's chairman. Company executives will report on their work to both at the same time. “Inon is a partner with strong leadership and operational strength, which is exactly what this integration requires,” Ellison said. This appointment is just one of many changes in leadership expected by Paramount. As Ellison forms a team that combines top talent from Warner Bros. with senior executives such as Kreez, he will be responsible for managing this complex merger deal. The deal will combine two major film studios, streaming platforms, TV network assets, and news media under the same ownership. A federal judge in California signed an agreement to resolve lawsuits brought by 12 state attorneys general against the merger, thus clearing the way for the merger to be completed.