Paramount and Skydance are moving forward with their $11 billion Warner Bros Discovery acquisition after Europe greenlit the deal — but with a major condition: they must break up their joint film distribution venture with Universal in Europe within 13 months and can’t partner with Universal or their own distribution arm for a decade. The EU’s move aims to preserve competition and prevent market dominance. Meanwhile, the U.S. is blocking the deal in court, with states and the Writers Guild of America arguing it harms competition and writers’ livelihoods. The UK is also scrutinizing the merger’s impact on news, kids’ TV, and streaming — meaning the road ahead remains fraught despite Europe’s approval.
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