By Elsa Keslassy, K.J. Yossman
Getty Images The U.K.’s decision to clear Paramount Skydance’s $111 billion proposed acquisition of Warner Bros. Discovery has been broadly welcomed by European industry players.
U.K. exhibitors, media executives and analysts have argued the deal reflects a wider shift in regulatory thinking as European broadcasters face mounting competitive pressure from global streaming giants.
Following the European Commission’s clearance of the deal last month, the U.K.’s Competition and Markets Authority (CMA) on Thursday concluded the merger would not substantially impact competition within theatrical film distribution, linear children’s TV channels and the supply of subscription VOD services in Britain.
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