Paramount Skydance Corporation disclosed compensation terms for incoming co-CEO Ynon Kreiz, including a $31.5 million signing bonus in restricted stock units under a five-year employment agreement. Kreiz, 61, is scheduled to start Oct. 5, one day before the $110 billion Warner Bros. Discovery merger is slated to close. His annual base salary will rise from $3.5 million to $5 million after closing, while his annual bonus target will increase from $1.5 million to $4.9 million. He will also receive equity grants tied to Class B common stock, including an award covering 1.25 million shares before closing, up to $5.1 million within 15 days of closing, and annual grants of $20.1 million starting at the one-year mark. Paramount Chairman and CEO David Ellison recruited Kreiz to oversee daily operations and integration, while retaining responsibility for long-term strategy. The merger follows settlements addressing antitrust litigation and Writers Guild of America claims, with conditions including theatrical releases, additional domestic production spending, and editorial oversight of CBS News and CNN.