Advertising & Media

Paramount Skydance and WBD's $110 Billion Merger Reshuffles Ad Sales Leadership

Following the $110 billion merger of Paramount Skydance and WBD, Jay Askinasi of Paramount has taken over ad sales; WBD executives Gould and Voltaggio are leaving the company.

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Jay Askinasi to Lead Skydance Ad Sales, WBD Ad Leaders Exit After Merger
Jay Askinasi to Lead Skydance Ad Sales, WBD Ad Leaders Exit After MergerAI-generated

The $110 billion merger of Paramount Skydance and Warner Bros. Discovery has led to a leadership change in ad sales at the combined company just days after the deal closed. Jay Askinasi, who served as chief revenue officer at Paramount, has become head of monetization. WBD's advertising executives Ryan Gould and Bobby Voltaggio are leaving the company.

The appointments were announced by JB Perrette, co-chair and chief commercial officer of Skydance TV and Skydance DTC. Alongside Askinasi, he named two more executives: David Decker became president of content sales, and Ray Hopkins became president of distribution.

"Jay, David, and Ray are exceptionally talented and respected leaders with deep experience, strong industry relationships, and a shared commitment to our partners and our people," Perrette said.

What Changes in the Company's Structure?

Askinasi gains control over ad sales for the entire combined portfolio of assets. Previously, he was responsible for Paramount's revenues and knows the U.S. advertising market inside out — from linear TV channels to streaming platforms.

For Gould and Voltaggio, the decision means the end of their careers at WBD. Both ran the media holding's advertising business and will not be part of the new structure.

Decker and Hopkins, in turn, will divide two key commercial verticals between them:

  • content sales — syndication and licensing of rights to the content library;
  • distribution — partnerships with cable operators, platforms, and streaming services.

Why Does This Matter for the Advertising Market?

The $110 billion deal combines two major advertising inventories: the television assets of Paramount and WBD. The new head of ad sales will determine how this inventory is packaged and sold — as a single offering or in separate blocks.

For advertisers and agencies, the change in top management means a revision of contacts and terms: the appointments of Askinazi, Decker, and Hopkins will be followed by the formation of new teams and, likely, an updated commercial policy.

In his statement, Perrette emphasized continuity in partner relationships — wording the market typically reads as a signal that no mass rotation is planned at the client-facing level, at least in the near term.

The personnel decisions became the combined company's first public step after the deal closed and set the tone for further integration: key positions in the commercial division went to managers from the Paramount/Skydance side.

Source: Adweek

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