Skydance Chairman and CEO David Ellison named the leadership team that will run the combined Paramount-Warner Bros. Discovery company when the $111 billion merger closes Tuesday, Oct. 6. The deal is expected to eliminate an estimated 4,500 jobs in Los Angeles County.
HBO Chairman Casey Bloys will become co-chair and chief content officer of Skydance's direct-to-consumer streaming division, as first reported by the Los Angeles Times. CNN Chairman Mark Thompson stays on as chairman and editor-in-chief of CNN Worldwide. James Gunn and Peter Safran remain co-chairmen of DC Studios.
The appointments signal which Warner Bros. Discovery executives survived the merger and which did not.
George Cheeks, the CBS chief, becomes co-chair and chief content officer at Skydance TV, overseeing the network and both companies' entertainment cable channels. Dana Goldberg and Josh Greenstein, longtime Skydance film executives who currently run Paramount Pictures, will co-chair the Skydance Motion Picture Group, which now includes Warner Bros. J.B. Perrette, who oversaw the HBO Max product, becomes co-chair and chief business officer for Skydance TV and its streaming offerings.
Bari Weiss continues as editor-in-chief of CBS News but will not have a role at CNN Worldwide.
Former Mattel CEO Ynon Kreiz started Monday, Oct. 5, as co-CEO alongside Ellison. In a Sept. 30 statement reported by the Los Angeles Business Journal, Ellison said Kreiz brings the leadership and operating ability the integration demands and called him a like-minded partner.
Other corporate hires include Andy Gordon, a former Goldman Sachs banker, as president; Dane Glasgow, a former Facebook vice president, as chief product officer; and Rebecca Mall, a former Google and William Morris executive, as chief marketing officer.
Not everyone made the cut. Departing Warner executives include CEO David Zaslav, CFO Gunnar Wiedenfels and Warner Bros. studio chiefs Mike DeLuca and Pam Abdy. The LA Times reported they learned late last week they would not be part of the combined company. Paramount streaming chief Cindy Holland resigned Sept. 29 to clear the path for Bloys.
The combined company's headquarters will remain in Los Angeles, and both the Paramount lot on Melrose Avenue in Hollywood and the Warner Bros. lot in Burbank must operate for at least five years under the antitrust settlement a federal judge approved Sept. 30. LA County's Department of Economic Opportunity produced the 4,500-job-loss estimate as Skydance seeks to integrate the two companies and cut costs.
The combined company will carry more than $80 billion in debt. Royal families of Saudi Arabia, Qatar and Abu Dhabi will own nearly 50% of its equity.
Skydance said a complete list of executive appointments will be disclosed after the merger closes.







