Paramount will exit its United International Pictures distribution joint venture with Universal as a condition for EU approval of its $111 billion takeover of Warner Bros. Discovery. The move is in response to a request for Paramount to exit the venture made by the European Commission’s anti-tr...
Source: [Variety](https://variety.com/2026/biz/global/paramount-exit-universal-uip-venture-eu-approval-merger-1236799919/)