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All articles tagged with #paramount warner bros discovery

business9 days ago•16 min saved

Mattel Names Condé Nast’s Roger Lynch as CEO as Kreiz Joins Paramount-WBD

Mattel has appointed Condé Nast CEO Roger Lynch as its new chief executive and chairman, succeeding Ynon Kreiz. Kreiz is departing after eight years to serve as co-CEO of the merged Paramount-Warner Bros. Discovery entity alongside David Ellison. At Condé Nast, Mike Perlis will serve as interim CEO while the board searches for a permanent successor. Lynch, who has been on Mattel’s board since 2018, will assume the chairman role on October 2 and the CEO role by November 2. Kreiz’s exit follows the recent antitrust settlement that cleared the path for the $111 billion media merger. Mattel shares closed down 4% on the announcement.

via The Hollywood Reporter|

#business #conde-nast #mattel

business1 month ago•8 min saved

California AG pulls plug on mediation in Paramount-Warner merger amid leak dispute

California Attorney General Rob Bonta abruptly canceled a planned mediation in the Paramount Skydance–Warner Bros. Discovery antitrust case, accusing Paramount of leaking and misrepresenting details of talks. The confidential session, which would have included Paramount Skydance CEO David Ellison, was scrapped as the judge’s case moves toward a September hearing. Bonta left the door open to resuming talks if Paramount engages in good faith, while the broader merger remains under scrutiny from multiple state attorneys general amid political and industry tensions.

via Los Angeles Times|

#antitrust #business #california

business1 month ago•18 min saved

Bass Urges Fast Settlement in Paramount-WB Merger to Shield LA Jobs

Los Angeles Mayor Karen Bass signaled support for a quick settlement of the Paramount-Warner Bros. Discovery antitrust lawsuit, urging all sides to resolve the $111 billion merger with meaningful, enforceable commitments to keep Paramount and Warner Bros. Discovery in Los Angeles, preserve productions and investments, and protect thousands of local union jobs amid projections of significant wage losses and industry disruption.

via The Hollywood Reporter|

#business #jobs #karen-bass