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   04/08/2020  h. 01:35   
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Mergers: Commission clears the creation of a home entertainment joint venture between Warner Bros and Universal

08/04/2020 | Economy |  Daily News 07 / 04/ 2020

Source: European Commission Spokesperson's Service  



The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture between Warner Bros. Home Entertainment Inc. (“Warner Bros”), controlled by AT&T Inc., and Universal City Studios Productions LLLP (“Universal”), controlled by Comcast Corporation (“Comcast”), 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. More information is available on the Commission's competition website, in the public case register under the case number M.9439


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