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Judge Approves Paramount-WBD Antitrust Settlement, Mandates $1.5B Spend

By Drooid · Oct 4, 2026, 11:25 PM UTC · How we work

Summary

Ynon Kreiz Named Co-CEO

Mattel CEO Ynon Kreiz was named co-CEO of the merged Paramount-Warner Bros. Discovery.
U.S. District Judge Araceli Martínez-Olguín approved a settlement clearing the antitrust challenge from 12 states.
The settlement obligates at least 30 U.S. films per year for two years, then 32 annually.
It requires an extra $1.5 billion U.S. production spend over five years.
The combined company projects over $6 billion run-rate synergies and more than 200 million global streaming subscribers.

Summary

Ynon Kreiz Cuts Jobs

Ynon Kreiz cut over 2,000 Mattel jobs after joining in 2018 to shrink manufacturing.
He led a $1.5 billion cost-saving program that closed factories and reduced SKUs.
Mattel’s 2023 “Barbie” film earned $1.4 billion worldwide, lifting doll sales 16% in Q3.
Analysts note Mattel stock fell 2% during his tenure, far behind the S&P 500’s 200% rise.

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Ynon Kreiz Named Co-CEO

Mattel CEO Ynon Kreiz was named co-CEO of the merged Paramount-Warner Bros. Discovery.
U.S. District Judge Araceli Martínez-Olguín approved a settlement clearing the antitrust challenge from 12 states.
The settlement obligates at least 30 U.S. films per year for two years, then 32 annually.
It requires an extra $1.5 billion U.S. production spend over five years.
The combined company projects over $6 billion run-rate synergies and more than 200 million global streaming subscribers.

1 / 2