Paramount Skydance will pull out of United International Pictures, its international distribution joint venture with Universal, to allay antitrust concerns voiced by European cinema operators.

Paramount Skydance Corp has offered solutions to EU competition watchdogs regarding its massive Warner Bros Discovery acquisition. The company expressed confidence these remedies…

Paramount is set to exit its UIP joint venture with Universal as a condition to obtain EU approval of its megamerger with Warner Bros. Discovery.