00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Paramount Skydance CEO David Ellison named outgoing Mattel CEO,
00:07whine on Kryze as co-CEO of the anticipated combined Paramount and Warner Brothers discovery,
00:12according to CNBC. Kryze will take the role when the merger closes and join the company's board.
00:16He will oversee day-to-day management and integration. Ellison will focus on long-term
00:21strategy, creative direction, talent relationships, partnerships, technology,
00:25and capital allocation. The announcement came as a federal judge allowed the $110 billion merger
00:30to move forward following Paramount's settlement of an antitrust lawsuit. Kryze is leaving after
00:35eight years as CEO of Mattel, during which he led major transformations and oversaw the release of
00:41the blockbuster Barbie film. The Paramount-Warner Brothers discovery transaction is expected to
00:46close in the coming weeks. For all things money, visit Benzinga.com.
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