David Ellison’s Paramount Skydance beat earnings estimates on Tuesday — but the media mogul and his billionaire father may need to get their checkbooks ready.
Paramount is expected to need to pay Warner Bros. Discovery shareholders more than $1 billion in so-called ticking fees after a federal judge set the date for the trial about its merger: March 2.
The Ellisons and Paramount’s other financial backers agreed to pay WBD investors $650 million per quarter, which is about $7 million per day, that its merger isn’t finalized, starting after September 30.
There are 169 days between October 1 and March 19, which is when Paramount’s trial is…
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