Paramount Skydance has proven its willingness to comply with President Donald Trump, but delays in closing the deal could be costly. The company is on the hook to pay Warner Bros. Discovery "a daily ticking fee equal to $0.25 per share per quarter beginning after September 30, 2026." The company also has to pay $7 billion to Warner Bros. Discovery if the deal is terminated for regulatory reasons. Netflix lost the battle for Warner Bros. Discovery, but getting a competitor to potentially overpay for the studio might be its own reward.
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Rather than being the new John Lennon, or even Justin Timberlake, Cruz's reedy voice and upbeat retro psych pop could make him the new Crispian Mills - another nepo-rocker (the son of actress Hayley Mills and grandson of actor Sir John), whose band Kula Shaker made it moderately big in the afterglow of Britpop.