China Clears $110 Billion Paramount Skydance-Warner Bros Discovery Merger as EU Review Looms

3 articles · Updated · Reuters · Jun 17

$110 billion is the value of the Paramount Skydance-Warner Bros Discovery merger that Chinese regulators have now approved, according to a source familiar with the decision.
China's signoff follows approvals from the U.S. Justice Department and other jurisdictions including Australia, Germany, France and Saudi Arabia, leaving the European Union still to rule.
China remains a required but less lucrative market for Hollywood as local competition strengthens: Warner Bros' "Meg 2: The Trench" opened there with $53.3 million in 2023, while Paramount's "Top Gun: Maverick" never received a China release.

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