Paramount Skydance Taps Ynon Kreiz as Co-CEO, Sets October 6 Closing for WBD Deal
PSKY sits 23% above its 52-week low of $7.62 on elevated volume (2.8× avg).
Summary
Paramount Skydance appointed Ynon Kreiz as Co-CEO effective October 5, 2026, and announced the Warner Bros. Discovery merger is expected to close October 6, 2026. Kreiz brings operational leadership for the integration, with a compensation package valued at over $46M in initial equity awards.
Key Events · Executive and Board Changes · PSKY
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Ynon Kreiz Appointed Co-CEO
Mattel Chairman and CEO Ynon Kreiz joins Paramount Skydance as Co-CEO effective October 5, 2026, and will join the Board. David Ellison remains Chairman and CEO, focusing on strategy, creative, and technology while Kreiz oversees day-to-day operations and integration.
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WBD Merger Closing Set for October 6
The Warner Bros. Discovery merger is expected to close on October 6, 2026, subject to customary conditions. WBD shareholders will receive $31.01666668 per share in cash at closing.
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Kreiz Compensation Package
Kreiz receives a $31.5M fully-vested Signing Award (RSUs at $12.00 reference price), a $15M Phase 1 Award, up to $5.1M Phase 2 Award, and Annual Awards of $15M rising to $20.1M post-closing. Base salary is $3.5M rising to $5M; target bonus is $1.5M rising to $4.9M.
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Integration Leadership for $110B Merger
The appointment follows months of antitrust litigation and regulatory approvals. Kreiz's operational experience at Mattel is positioned to drive the integration of Paramount and Warner Bros. Discovery, targeting over $6B in run-rate synergies.
Analysis · PSKY · Technology
Paramount Skydance has appointed Ynon Kreiz, Mattel's Chairman and CEO, as Co-CEO effective October 5, 2026, alongside David Ellison. The move brings in an experienced operator to manage day-to-day integration of the Warner Bros. Discovery merger, which is now expected to close on October 6, 2026. Kreiz's compensation package is substantial — a $31.5M fully-vested signing award plus $15M in Phase 1 RSUs, with total annual target compensation of $20M pre-closing and $30M post-closing. The appointment and closing date signal that the long-pending $110B merger is finally moving to completion after months of antitrust litigation and regulatory hurdles.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.9% of the 1661 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PSKY was trading at $9.37 on NASDAQ in the Technology sector, with a market capitalization of approximately $10.5B. The 52-week trading range was $7.62 to $19.45. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.