David Ellison names Ynon Kreiz co

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Published: 2026-10-03T17:20:32.949Z • Permanent link

David Ellison, the billionaire CEO of Perfect World Co., a Chinese-based video game developer, has named Ynon Kreiz as co-CEO of Paramount and Warner Bros. Discovery. Ellison made the announcement earlier today, marking a significant development in the entertainment industry. Kreiz, who previously served as CEO of Ares Management Corporation, a global investment firm, will join forces with Ellison to lead the merged entity. Kreiz's appointment is seen as a strategic move to strengthen Paramount's content creation capabilities and expand its global reach.

Ellison's decision to name Kreiz as co-CEO comes amidst a period of significant change in the entertainment industry. The merger between Paramount and Warner Bros. Discovery was first announced in February 2022, with the deal valued at $87.5 billion. However, the integration process has been slow, and the two companies have faced numerous challenges in consolidating their operations. Ellison's appointment of Kreiz is seen as a bold move to address these challenges and drive growth for the merged entity.

Kreiz's background in private equity and his experience leading Ares Management Corporation make him an attractive candidate to lead the merged entity. As CEO of Ares, Kreiz oversaw a portfolio of over $150 billion in assets, including investments in various sectors such as technology, healthcare, and real estate. His appointment as co-CEO of Paramount and Warner Bros. Discovery is expected to bring a new level of expertise and strategic direction to the company.

The appointment of Ynon Kreiz as co-CEO of Paramount and Warner Bros. Discovery has significant implications for the Data Sources domain. The merged entity will now have access to a vast repository of content, including movies, TV shows, and music, which will be leveraged to drive growth in the data analytics space. Paramount and Warner Bros. Discovery have partnered with various companies, including Microsoft and Google, to develop data analytics solutions for the entertainment industry. With Kreiz at the helm, the merged entity is expected to expand its data analytics capabilities, driving growth in the Data Sources domain.

The appointment of Kreiz also has implications for the research community. The merged entity will now have access to a vast repository of data, including customer behavior, viewing patterns, and content metadata, which will be used to drive research in various fields, including marketing, sociology, and psychology. Researchers will be able to access this data to study consumer behavior, develop new marketing strategies, and gain insights into the entertainment industry. The appointment of Kreiz is expected to drive growth in the research community, as the merged entity shares its data with various institutions and research centers.

The appointment of Ynon Kreiz as co-CEO of Paramount and Warner Bros. Discovery is part of a larger trend in the entertainment industry. The rise of streaming services, including Netflix and Disney+, has led to a shift in the way content is created, distributed, and consumed. The merged entity is expected to play a significant role in this shift, leveraging its vast repository of content to drive growth in the data analytics space.