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Ellison Kreiz

Angela Weiss/AFP via Getty Images; Jamie McCarthy/Getty Images

David Ellison will share the reins of the combined Paramount-Warner Bros. Discovery with former Mattel CEO Ynon Kreiz, the company announced on Wednesday.

Kreiz looked to turn Mattel, the toy giant behind Barbie and Uno, into an entertainment powerhouse.

This is a developing story and will be updated.

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James Faris is a media correspondent in New York City.He covers the business of media & entertainment, specifically the streaming, TV, and AI strategies of Hollywood giants like Disney, Paramount, and Netflix. He previously wrote about the stock market, the economy, and real estate.James joined Business Insider after graduating magna cum laude from James Madison University.Email James at [email protected] and follow him on LinkedIn.

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