Paramount-Warner Deal Faces Global Legal Hurdles | Venice Beach News

Paramount just got the EU’s stamp of approval for its $11 billion Warner Bros. Discovery merger — but with a major condition: it must ditch its joint venture with Universal Pictures in Europe within a year. Regulators fear the combined giant would dominate movie distribution there, so they’re forcing Paramount to stay away from Universal’s European theaters for a decade. Meanwhile, in the U.S., a federal judge has paused the deal after 12 states, led by California, sued over antitrust concerns. A hearing is set for August 3rd, and the Writers Guild has also filed a complaint, warning of job losses and lower pay. While approvals have come from Australia, Brazil, and Canada, the U.S. legal fight remains the biggest hurdle — and Paramount’s hoping to wrap it up by September to avoid extra costs. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4e85152060f10c38