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 […] ...