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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.

Telecommunications & Media

Science ministry supports K-OTT fundraising, pushes overseas expansion

South Korea\'s Ministry of Science and ICT held an investment attraction showcase in Busan on June 19-20 as a side event to the 2026 Korea International Streaming Festival. Companies with media technology and content planning proposals presented to domestic and overseas investors. After competition, 19 firms won on-site presentation slots. Around 30 investors and buyers joined one-on-one consultations, and three investment intent agreements were signed on site.