From David Ellison’s Paramount Skydance perspective, the Warner Bros. deal is a few hurdles from the finish line, but somehow it keeps getting further. As governments, organizations, and coalitions fight against the Paramount Skydance/Warner Bros. Discovery merger. David Ellison must find a way to please everyone.
To avoid any complications with the EU, Paramount Skydance Corp plans to sell some of its children’s TV network assets to help win approval with the union.
Some of their Kids Network assets include the following: Nickelodeon Group, Avatar Studios, kids’ IPs and more. Though they hope to avoid selling any, they need the $110 billion acquisition of Warner Bros. Discovery to be approved by sacrificing some of their kids’ channels.
As to if or when, we can’t confirm, but the company is working towards submitting a formal solution on or before its July 7 deadline by the European Commission, which they plan to clear or launch an in-depth review.
The EU is investigating how the combined force of Paramount, Skydance and Warner Bros. Discovery affects the movie industry and creates a monopoly. Paramount, on the other hand, argues its merger won’t create a monopoly and instead will benefit the entertainment industry.
David Ellison must also prove the merger to a coalition of US states, the California Department of Justice, the UK’s Competition and Markets Authority, the Coalition of State Attorneys General, the US House of Representatives, the DOJ and many more.