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EU OKs Joint Venture Between Warner Bros and Universal

By  |  April 7, 2020

The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture between Warner Bros. Home Entertainment, controlled by AT&T, and Universal City Studios Productions, controlled by Comcast Corporation, all of the US.

The joint venture will be active in the manufacturing and distribution of physical home entertainment content (such as DVDs, Blu-ray, and 4K UHD discs) in the US and Canada. 

Warner Bros and Universal are both active, in particular, in the production, distribution, and licensing of TV programs and films. AT&T and Comcast are both active in the supply of telecommunications and entertainment services. 

The Commission concluded that the proposed transaction would raise no competition concerns, as the joint venture has no actual and foreseen activities within the European Economic Area. The transaction was examined under the simplified merger review procedure.

Full Content: Europa

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