Paramount To Launch Streaming Service On March 4th To Rival Netflix And Disney.....


 

Paramount executives had been eager to wrap up the deal as soon as possible partly because the company had agreed to pay Warner Bros. shareholders a “ticking fee” of 25 cents a share each quarter if the transaction did not close by Sept. 30 — a penalty worth more than $600 million every three months.

Paramount spokespeople did not reply to a request for comment Friday on the ticking fee

@Day_Carver
@ViCiouS
 

Paramount executives had been eager to wrap up the deal as soon as possible partly because the company had agreed to pay Warner Bros. shareholders a “ticking fee” of 25 cents a share each quarter if the transaction did not close by Sept. 30 — a penalty worth more than $600 million every three months.

Paramount spokespeople did not reply to a request for comment Friday on the ticking fee

@Day_Carver
@ViCiouS
These states are fighting the deal! I wonder how long they will fight it and also if they can force paramount out of the deal…
 
Interesting! My inner eye is open lol

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