David Ellison's Paramount would owe more than $1 billion to WBD shareholders based on the March trial date a judge set

Paramount Skydance may owe over $1 billion to WBD shareholders due to a federal judge setting the trial date for its merger on March 2. The company agreed to pay $7 million daily in ticking fees starting September 30, with a potential $7 billion termination fee if the merger fails.