Paramount’s acquisition of Warner Bros. Discovery took a closer step to becoming reality this week when the European Commission approved the merger.
The European Commission reportedly approved the $111 billion deal on the condition that Paramount cancels its film distribution partnership with Universal in Europe over the next 13 months, per Variety . Ultimately, the European Commission found that the deal would not harm TV or film production in Europe, leaving enough global and local competitors.
The commission’s investigators did flag that the film distribution market would become overly concentrated due to Paramount’s longstanding joint…
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