Conditional Approval from Competition Authority for Paramount and Warner Bros Process

The Competition Authority evaluated the commitments submitted by Paramount due to overlaps and potential competition concerns between the activities of Paramount and Warner Bros, and granted conditional permission for the transaction in question.

Rationale of the Board's Decision

In the announcement published on the Competition Authority's website, it was announced that conditional permission was granted to the transaction in question within the framework of commitments submitted by Paramount.

The announcement emphasized that various horizontal and vertical overlaps were identified between the activities of Paramount and Warner Bros.

UIP Turkey Partnership Ending

Paramount committed to terminating its shareholding in UIP Turkey, which it controls jointly with Universal.

Additionally, the distribution of Paramount and Warner Bros films will not be combined with third parties that also distribute Universal or Walt Disney films.

Commitments Covering the Turkish Market

In addition to the commitments submitted to the European Commission, two new commitments specific to the Turkish market were presented.

It was decided that motion pictures would be licensed to third-party platforms after a three-year exclusivity period.

Television Broadcasting Regulations

It was committed that existing contracts with providers such as Digiturk, TV+, Tivibu, and D-Smart would be extended upon request until December 31, 2029.

It was reported that existing television channels will continue to be licensed to third parties under market conditions.