Archive · 23 Jul 2026
Paramount secures EU approval for Warner Bros deal
Paramount Skydance Corp has received approval from the European Union for its $110 billion deal to buy Warner Bros Discovery.
To get this approval, Paramount Skydance agreed to end a film distribution partnership with Universal Pictures in Europe and not to transfer Warner's film distribution to its own distributor for 10 years.
However, the deal faces challenges in the U.S., including a court order to pause the deal and a lawsuit from the Writers Guild of America.
The deal also faces potential intervention from Britain due to concerns about news, children's television, and streaming services.
If the deal is delayed past September 30, Paramount Skydance will have to pay $7 million a day in fees.
Paramount Skydance Corp secured EU approval for its $110 billion acquisition of Warner Bros Discovery.
The approval came after agreeing to end a film distribution joint venture with Universal Pictures in Europe.
Paramount Skydance will not transfer Warner's film distribution to its own distributor for 10 years.
The deal faces challenges in the U.S., including a court order to pause the deal and a lawsuit from the Writers Guild of America.
A prolonged delay will cost Paramount Skydance $7 million a day in ticking fees.
- Who
- Paramount Skydance Corp, Warner Bros Discovery, Universal Pictures, Writers Guild of America, U.S. Department of Justice, European Commission
- What
- Paramount Skydance Corp secured EU approval for its $110 billion acquisition of Warner Bros Discovery
- When
- Wednesday
- Where
- Brussels, EU
- Why
- To address competition concerns and create a major player in the entertainment industry
Proponents of the Deal
Opponents of the Deal
Competition Concerns
Proponents of the Deal
Paramount Skydance addressed EU concerns by agreeing to end the joint venture with Universal Pictures and not transferring Warner's film distribution to its own distributor.
Opponents of the Deal
The Writers Guild of America and a coalition of U.S. states argue the merger will harm competition and writers' livelihoods.
Financial Implications
Proponents of the Deal
The deal, if completed, will create a major player in the entertainment industry.
Opponents of the Deal
A prolonged delay will cost Paramount Skydance $7 million a day in ticking fees.
- Deal Value
- $110 billion
- EU Approval Date
- Wednesday
- Joint Venture End Date
- Within 13 months of closing the deal
- No Film Distribution Deal Duration
- 10 years
- Ticking Fee
- $7 million per day
