Skydance Co-CEOs David Ellison and Ynon Kreiz Outline Vision for Combined Paramount-Warner Bros. Company

On Thursday, David Ellison and Ynon Kreiz, the co-CEOs of Skydance, presented their vision for the newly formed Paramount-Warner Bros. entity, which finalized its merger on Tuesday. The organization seeks to enhance its presence in streaming, film, and television, boasting over 200 million worldwide streaming subscribers alongside a profitable linear portfolio. Ellison intends to integrate Paramount+ with HBO Max, while Kreiz emphasized the potential to create a next-generation media powerhouse. Leadership roles are divided, with Ellison focusing on creative direction and strategy, and Kreiz overseeing integration and operations. The merger encompasses Paramount Pictures, Warner Bros., CBS, and various pay-TV channels. A court agreement stipulates 30 films for 2027-2028 and 32 annually from 2029-2031. The deal comprises $47 billion in equity and $80 billion in debt, with Skydance aiming for $6 billion in synergies and over $10 billion in free cash flow by 2030. The Ellison family and RedBird Capital hold 100% of voting shares.