Kreiz will receive a compensation package exceeding $46.5 million, including a base salary of $3.5 million that rises to $5 million after the closing, and annual equity awards reaching $20.1 million, per an SEC filing. He is tasked with finding $6 billion in cost synergies for the $110 billion venture, which is currently 38.5% owned by Saudi Arabia, Qatar, and Abu Dhabi. The Federal Communications Commission has given approval for those Gulf nations to increase their ownership stake to 49.5%.
Tuesday, October 20, 2026
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Ellison Names Management Team to Lead $110B Paramount-WBD Merger
Business16 days ago
The officers appointed to run the daily activities of the consolidated media entity were revealed on Monday. David Ellison and co-CEO Ynon Kreiz introduced the executive ranks of the new Skydance team—a group of creators and operators—to manage operations following the acquisition of Warner Bros. Discovery. Kreiz began his tenure at Paramount on October 5, taking charge of day-to-day operations and the integration of the two companies.
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