Ynon Kreiz, as Co-CEO of Paramount, to Receive Pay Package Worth More Than $46.5 Million

Ynon Kreiz will serve as Co-CEO of the merged Paramount-Warner Bros. Discovery starting October 5, coinciding with the $111 billion merger closure. The former CEO of Mattel signed a five-year contract featuring a $5 million base salary and eligibility for up to $20.1 million in annual equity awards. This pay package, totaling over $46.5 million, positions Kreiz as the right-hand man to David Ellison within the newly combined entertainment entity following his tenure at Mattel.