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James Faris

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New York
As seen in: Business Insider, Medium, MSN, MSN Deutschland, MSN Singapore, Yahoo Entertainment, Markets Insider, MSN Taiwan, Yahoo Canada, Aol, Yahoo Finance and
Covers:  Investing trends
Follower of Christ | Media Reporter @BusinessInsider | @JMU @DJNF @rvabizsense @BreezeMBR founder/editor | RTs/likes≠agreement

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Articles

David Ellison's Paramount beats earnings estimates — but may owe WBD shareholders more than $1 billion

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By James Faris Verified
| Flipboard
entertainment news 2 hours ago Not only is David Ellison lying about his film plan, it's not even a good lie The A.V. Club - Monica Castillo • 2h The Paramount Skydance CEO and heir apparent is very upset that the media landscape can see right through him. The man who would be king of media is upset that the peasants didn’t immediately accept his attempt to add another company to his fiefdom.
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David Ellison's Paramount would owe more than $1 billion to WBD shareholders based on the March trial date a judge set Original

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By James Faris Verified
| Business Insider Verified
David Ellison and his billionaire father may need to get their checkbooks ready. Paramount Skydance 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: It's 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.
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Paramount's David Ellison seeks to distance himself from partisan politics after courting Trump Original

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By James Faris Verified
| Business Insider Verified
Remember David Ellison's warm relationship with President Donald Trump? The Paramount Skydance CEO seems to wish you wouldn't. Ellison courted Trump as he sought approval from the Department of Justice for his Warner Bros. Discovery deal. Now, Ellison is facing a lawsuit from 12 Democratic states — and he's looking to distance himself from partisan politics. The deal is on hold as it heads to trial.
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