David Ellison just picked Mattel’s Ynon Kreiz as co-CEO of the merged Paramount-WBD

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.