David Ellison just brought in a co-CEO to run his new empire: Meet Ynon Kreiz

SO THE NEWS IS DOING THAT THING AGAIN HAVE YOU HEARD ABOUT THIS YET NO YOU HAVEN'T BECAUSE IT IS ENORMOUS AND ABOUT CAPITAL ALLOCATION WHICH IS MY WHOLE THING NOW SO DAVID ELLISON WHO BOUGHT PARAMOUNT FOR EIGHT BILLION AND THEN PULLED OFF A HUNDRED AND TEN BILLION DOLLAR DEAL FOR WARNER BROS DISCOVERY JUST HIRED A CO-CEO TO RUN THE WHOLE MERGED MONSTER CALLED SKYDANCE WHEN IT CLOSES ON TUESDAY AND THE GUY IS YNON KREIZ THE OUTGOING MATTEL CEO WHO BROUGHT BARBIE TO THEATERS AND THE ARTICLE SAYS ELLISON WILL HANDLE CREATIVE VISION AND TECH WHILE KREIZ GETS THE ENTIRE DAY-TO-DAY INTEGRATION OF CBS CNN HBO MAX AND BOTH MOVIE STUDIOS UNDER ONE ROOF WHICH IS WILD BECAUSE WALL STREET ANALYSTS ARE ALREADY ARGUING OVER WHETHER A TOY TURNAROUND GUY CAN ACTUALLY STEER A GIANT MEDIA MERGER. ANYWAY WHERE DID EVERYONE GO?

OK SO THIS IS MY WHOLE PERSONALITY TODAY ON TUESDAY THIS ENORMOUS COMBINED BEHEMOTH CALLED SKYDANCE OFFICIALLY CLOSES AND PUTS CBS CNN HBO MAX AND BOTH PARAMOUNT AND WARNER BROS UNDER ONE SINGLE ROOF AND TO ACTUALLY OPERATE IT DAY TO DAY DAVID ELLISON IS BRINGING IN YNON KREIZ THE OUTGOING MATTEL CEO WHO BROUGHT BARBIE TO THEATERS TO BE CO-CEO WHICH IS WILD BECAUSE LESS THAN EIGHTEEN MONTHS AGO ELLISON WAS BASICALLY JUST RUNNING A PRODUCTION COMPANY WITH TOP GUN AND MISSION IMPOSSIBLE AND THEN HE BOUGHT PARAMOUNT FOR EIGHT BILLION AND PULLED OFF A HUNDRED AND TEN BILLION DOLLAR MERGER FOR WARNER BROS DISCOVERY AND THE ARTICLE SAYS ELLISON WILL HANDLE LONG-TERM STRATEGY AND CAPITAL ALLOCATION WHILE KREIZ GETS THE DAY-TO-DAY INTEGRATION EVEN THOUGH MORNINGSTAR SAYS HE MIGHT NOT BE THE BEST CONCEIVABLE CHOICE. ANYWAY THAT IS THE NEWS, TELL ME YOURS.

Outgoing Mattel CEO Ynon Kreiz has been appointed co-CEO of Skydance alongside David Ellison as the company prepares to close its mega-merger with Warner Bros. Discovery.

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