Paramount-Warner Bros deal faces ‘sufficient competition’, says CMA

cityam08-17 23:58

The combined business is expected to become the UK’s largest tv distributor The Paramount-Warner Bros Discovery merger will face “sufficient competition” in the UK to prevent the combined Hollywood ...

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from gaining too much market power, the competition watchdog has said.In a full decision published on Monday, the Competition and Markets Authority  laid out why it cleared the 111bn tie-up earlier this month, after examining its impact on cinemas, streaming, children’s television and creative workers.Its 23-page decision reveals that the regulator examined concerns that the deal could hand the combined company greater power over cinemas, lead to fewer films being released or weaken the bargaining position of workers in the creative industries.But the CMA concluded Paramount and Warner Bros Discovery would continue to face enough competition to keep those risks in check.The combined business is expected to become the UK’s largest theatrical film distributor, with an estimated market sh","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","CMA":"联信银行","BK4207":"综合性银行","BK4194":"办公房地产投资信托","BK4589":"SVB概念","BK4211":"区域性银行","PGRE":"Paramount Group","BK4223":"办公室房地产信托","BK4585":"ETF&股票定投概念"},"translate_title":"CMA 表示，派拉蒙与华纳兄弟的交易面临“足够的竞争”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CMA":1.5,"PGRE":1.5},"content_text":"The combined business is expected to become the UK’s largest tv distributor The Paramount-Warner Bros Discovery merger will face “sufficient competition” in the UK to prevent the combined Hollywood giant from gaining too much market power, the competition watchdog has said.In a full decision published on Monday, the Competition and Markets Authority (CMA) laid out why it cleared the £111bn tie-up earlier this month, after examining its impact on cinemas, streaming, children’s television and creative workers.Its 23-page decision reveals that the regulator examined concerns that the deal could hand the combined company greater power over cinemas, lead to fewer films being released or weaken the bargaining position of workers in the creative industries.\n\nBut the CMA concluded Paramount and Warner Bros Discovery would continue to face enough competition to keep those risks in check.The combined business is expected to become the UK’s largest theatrical film distributor, with an estimated market share of between 20 and 30 per cent.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nHowever, Universal and Disney each also command shares of between 20 and 30 per cent, while Sony and a collection of smaller studios provide further competition. \n\nThe watchdog found that while Paramount and Warner Bros compete closely, they are no closer competitors to each other 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