Paramount Open to Selling Kids Channels to Quell EU Fears Over $110 Billion Warner Deal - Bloomberg.com
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- Paramount says it will sell its kids channels to address European Union concerns about the $110 billion Warner‑Discovery merger.
- European Union concerns over the merger have prompted the proposed divestiture of Paramount’s kids networks.
- Industry workers at a town hall called the Paramount‑WBD merger “the death of a great American industry,” per The Hollywood Reporter.
- Bloomberg reported the sale proposal as part of Paramount’s strategy to secure EU approval for the $110 billion deal.
Why it matters: EU regulators receive a concession as Paramount offers to sell its kids channels to address concerns over the $110 billion Warner‑Discovery merger, while industry workers protest, calling the deal a threat to the American entertainment industry.
