UK regulator clears Paramount-WBD merger
The United Kingdom's Competition and Markets Authority has cleared the proposed $110 billion merger between Paramount and Warner Bros. Discovery after a Phase 1 review that examined film and TV distribution, children’s channels and streaming services. The CMA said evidence shows Paramount will face sufficient competition across production and distribution, children's channels and streaming. The clearance removes a UK competition hurdle but does not end other reviews: culture secretary Lisa Nandy remains 'minded to intervene' on public interest plurality concerns, the US FCC is still reviewing foreign investment, and the European Commission cleared the deal with conditions including Paramount's exit from United International Pictures.
CMA cleared the $110 billion Paramount-WBD merger in the UK.
Context
The CMA began a Phase 1 investigation in June into competition in film, TV and children's channels. Lisa Nandy said she was minded to intervene on public interest plurality. The US Federal Communications Commission is still reviewing the…
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