"We believe that the facts and the law are on our side, and the trial date was just set for March of next year. And as it relates to the financing, all that is in place, there's nothing at risk," CEO David Ellison said Tuesday.
This is a short WorldPing brief. The full report was published by Hollywood Reporter.
Read the full report at Hollywood ReporterThe trial is set to begin roughly five months after Paramount starts paying a ticking fee of roughly $7 million per day to Warners shareholders.
Brief by WorldPing · Original reporting by Hollywood Reporter
WorldPingAlmost one year exactly from Skydance’s acquisition of Paramount, the merged company reported mixed numbers for the June quarter with strong streaming, tough theatrical comps and an ongoing drop in linear television.
Brief by WorldPing · Original reporting by Deadline
WorldPingThe judge hearing the antitrust case seeking to block the Paramount-Warner Bros. Discovery merger has issued a preliminary scheduling order, with a trial set to start in March 2027 — considerably later than Paramount was hoping for.
Brief by WorldPing · Original reporting by Variety
WorldPingParamount Skydance said second-quarter profit fell, even as the company was boosted by its streaming media and studios operations, while its large TV division shed ad dollars and subscribers.
Brief by WorldPing · Original reporting by Variety
WorldPingUPDATED, with Paramount comment: A federal judge has set the Paramount-Warner Bros. Discovery merger trial for next March.
Brief by WorldPing · Original reporting by Deadline
Paramount Skydance reported second-quarter earnings after the bell and said it continues to prepare for its proposed merger with Warner Bros. Discovery.
Brief by WorldPing · Original reporting by CNBC World