
Paramount Drops UIP to Clear EU Approval for Warner Bros. Discovery Merger
Paramount will exit its United International Pictures distribution JV with Universal as a condition for EU clearance of its $111 billion merger with Warner Bros. Discovery. The European Commission confirmed a filing indicating Paramount Skydance’s commitment to withdraw from UIP, and has extended the decision deadline to July 22. The mega-merger would unite Paramount assets (CBS, Paramount Pictures, Paramount+) with WBD properties (HBO, CNN, TNT/TBS, etc.), with UK scrutiny and a Saudi ADQ/PIF/QIA-backed $24 billion investment backing the deal as major regulatory hurdles remain.





