European Union Clears $81 Billion Paramount-Warner Bros. Merger With Conditions

The European Union has approved the $81 billion Paramount-Warner Bros. merger, clearing one of the last regulatory hurdles in a deal that could see the two media conglomerates combine into a single entity. The approval comes with conditions aimed at preserving cultural diversity and safeguarding content quality. As part of the agreement, Paramount must commit to maintaining a broad range of productions, films, and TV shows. The merger is expected to further consolidate the global entertainment industry.