Business

Paramount to Exit Joint Venture as EU Approves Mega-Merger

Updated 2026-07-01 11:40 UTC 1 source Neutral

Paramount will exit its joint venture with Universal in response to the European Commission’s anti-trust request. The move is part of the $111 billion takeover of Warner Bros. Discovery, which has been approved by the EU.

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Variety
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 w
2026-07-01 11:29 UTC
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