Industry
EU conditionally approves Paramount takeover of Warner Bros Discovery; U.S. lawsuit remains final hurdle
The European Union has conditionally approved Paramount’s takeover of Warner Bros Discovery, requiring Paramount to unwind its joint distribution arrangement with Universal in Europe. The European Commission said the deal would have led to Warner films being distributed through Universal International Pictures, potentially worsening rental and distribution terms for cinemas and harming consumers. Paramount must exit the venture within 13 months and refrain from joint distribution with Universal for 10 years. A U.S. lawsuit and a UK review remain.
