Ynon Kreiz, as Co-CEO of Paramount, to Receive Pay Package Worth More Than $46.5 Million

Oct 1, 2026 1:44pm PT Ynon Kreiz, as Co-CEO of Paramount, to Receive Pay Package Worth More Than $46.5 Million

By Todd Spangler

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Todd Spangler

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Ynon Kreiz, as David Ellison’s right-hand man at the merged Paramount-Warner Bros. Discovery, is getting a big pay bump over his pay package as CEO of Mattel.

Kreiz, 61, signed an initial five-year employment contract with Paramount. He starts Oct. 5, one day before Paramount is set to close its $111 billion merger with Warner Bros.

Kreiz’s pay package in the first year at Paramount-WB (the official name has not been revealed) will total more than $46.5 million, the company disclosed in an SEC filing Thursday. That includes a one-time signing award of restricted stock units valued at $31.5 million.