EU Approves Paramount-Skydance Merger Following Distribution Concessions

To secure the Commission’s green light, Paramount committed to divesting its interest in the United International Pictures film distribution joint venture. Furthermore, the company agreed to a decade-long prohibition on entering into new film distribution agreements with Universal across the European market. Regulators emphasized that these specific remedies resolve competition concerns by preventing the merged entity from bundling film distribution with major studios like Universal or Disney. While the European path is now clear, the transaction remains under intense review by U.S. authorities, leaving the final completion of the merger pending the resolution of domestic legal challenges.