Paramount to Exit Universal Joint Venture for EU Merger Approval
Paramount will withdraw from its United International Pictures distribution joint venture with Universal, a condition set by the EU for approving its $111 billion merger with Warner Bros. Discovery, to allay antitrust concerns from European cinema operators.
Source Diversity
Source Diversity
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Paramount Set to Exit Universal Joint Venture as Condition for EU Approval of Mega-Merger With Warner Bros. Discovery
Paramount will exit its United International Pictures distribution joint venture with Universal as a condition for EU approval of its $111 billion takeover of Warner Bros. Discovery. The move is in response to a request for Paramount to exit the venture made by the European Commission’s anti-trust watchdog last week. The European Commission said on Wednesday […]
By Nvivarelli
Read full article →Paramount to Exit Universal Distribution Joint Venture to Win EU Approval for Warner Bros. Merger
Paramount Skydance will pull out of United International Pictures, its international distribution joint venture with Universal, to allay antitrust concerns voiced by European cinema operators.
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