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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…
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