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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 $11…

Source Variety AI Summary Updated 1h 24m ago

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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 Wednesda…

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