The new and huger Paramount has a new co-CEO

Paramount is appointing a new co-CEO ahead of the close of its $110 billion merger with Warner Bros. Ynon Kreiz, previously Mattel's chairman and CEO, will be joining Paramount to lead alongside chairman and CEO David Ellison. According to Paramount , "Ellison will focus on the company's long-term strategy, creative vision and direction, including its talent relationships, strategic partnerships, technology and capital allocation.