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UK Culture Secretary Lisa Nandy said she is "minded to intervene" in Paramount Skydance's proposed $110 billion takeover of Warner Bros Discovery, citing concerns about media plurality and the concentration of ownership over UK news and on-demand services.

UK Culture Secretary Lisa Nandy said she is "minded to intervene" in Paramount Skydance's proposed $110 billion takeover of Warner Bros Discovery, citing concerns about media plurality and the concentration of ownership over UK news and on-demand services.

Nandy set a July 6 deadline for both companies to respond to her concerns. If she proceeds, Ofcom and the Competition and Markets Authority would each have up to 40 days to report findings, after which she could clear the deal or refer it for a further probe lasting up to 24 weeks.

Nandy set a July 6 deadline for both companies to respond to her concerns. If she proceeds, Ofcom and the Competition and Markets Authority would each have up to 40 days to report findings, after which she could clear the deal or refer it for a further probe lasting up to 24 weeks.

The deal has already received regulatory clearance from the US, China, Australia, Germany, France and Saudi Arabia. EU antitrust regulators are also assessing the merger, with a decision deadline of July 7, and approval is expected if Paramount offers certain remedies.

The deal has already received regulatory clearance from the US, China, Australia, Germany, France and Saudi Arabia. EU antitrust regulators are also assessing the merger, with a decision deadline of July 7, and approval is expected if Paramount offers certain remedies.

Paramount said it was confident the transaction "does not pose any media plurality issues in the UK" and that its timeline for closing the deal in the third quarter of 2026 would not be affected. The company also committed to a "ticking fee" of 25 cents per share per quarter beyond Sept. 30, worth roughly $650 million each quarter.

Paramount said it was confident the transaction "does not pose any media plurality issues in the UK" and that its timeline for closing the deal in the third quarter of 2026 would not be affected. The company also committed to a "ticking fee" of 25 cents per share per quarter beyond Sept. 30, worth roughly $650 million each quarter.

Nandy noted that the Enterprise Act 2002 does not cover streaming or video-on-demand services, as it was drafted when broadcast television dominated viewing. She said she would introduce secondary legislation to address this gap if she decides to intervene.

Nandy noted that the Enterprise Act 2002 does not cover streaming or video-on-demand services, as it was drafted when broadcast television dominated viewing. She said she would introduce secondary legislation to address this gap if she decides to intervene.

Paramount+ and HBO Max hold a small share of the UK streaming market. A 2025 Ofcom report grouped Paramount+ with services such as Discovery+ and Hayu in an "other" category holding just 6% of the market, compared with Netflix's 59%. HBO Max launched in the UK in March 2026.

Paramount+ and HBO Max hold a small share of the UK streaming market. A 2025 Ofcom report grouped Paramount+ with services such as Discovery+ and Hayu in an "other" category holding just 6% of the market, compared with Netflix's 59%. HBO Max launched in the UK in March 2026.

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UK May Block $110B Paramount-Warner Bros Deal

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