Skydance has a debt problem. Meet new co-CEO Ynon Kreiz, the man who's supposed to fix it.
Source: Business Insider ·
Ynon Kreiz is David Ellison's co-CEO who will run Skydance, made of the former Paramount and Warner Bros. His orders: slashing $80 billion in debt.
From the source
Ynon Kreiz's new job as co-CEO of Skydance makes him one of the most powerful men in media.Kevin Dietsch/Getty ImagesDavid Ellison's new Skydance empire comes with $80 billion in debt.Ynon Kreiz, Ellison's newly hired co-CEO, is the man who has to figure out how to shave that number down.Kreiz is not a high-profile Hollywood figure. The cuts he's about to make may make him one.Hollywood has spent a couple of years trying to figure out Skydance CEO David Ellison, who now runs the companies formerly known as Paramount and Warner Bros. Discovery.Now they have a new character to get to know: Ynon Kreiz, Ellison's newly appointed co-CEO.Kreiz, who is expected to co-host a press event with Ellison on Tuesday night, comes to Skydance from Mattel, where he is best-known for two things: engineering a deal with Warner Bros. and actress Margot Robbie to produce the colossally successful "Barbie" movie — and taking an ax to the toymaker's payroll, by laying off 22% of its workforce in one fell…