trending Market Intelligence /marketintelligence/en/news-insights/trending/gYa4AZayySEjyLNtocXQsg2 content esgSubNav
In This List

EC accepts Paramount's pay TV geoblocking concessions


Volume of Investment Research Reports on Inflation Increased in Q4 2021


Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Using ESG Analysis to Support a Sustainable Future


Next in Tech | Episode 48: The everything that is Industrial IoT

EC accepts Paramount's pay TV geoblocking concessions

The European Commission accepted offered by 's to addressantitrust concerns about the latter's film licensing contracts with pay TV giant Sky plc.

In a July 26 news release, the commission said that it made theconcessions legally binding under EU antitrust rules for a five-year periodacross the European Economic Area. Among other things, Paramount committed notto prevent pay TV broadcasters from responding to unsolicited content accessrequests from EEA consumers outside the broadcasters' licensed territory.

The EC added that it is continuing its probe into Sky andthe other Hollywood studios, including WaltDisney Co., ComcastCorp.'s NBCUniversalMedia LLC, Sony Corp.'sSony Pictures Entertainment,21st Century Fox Inc.'sTwentieth Century Fox Film Corp.and Time Warner Inc.'sWarner Bros. Entertainment Inc.

The commission earlier asked Sky and the film studios to provide details oftheir pay TV deals, including film revenue and the length of theatrical run ofmovies.

Meanwhile, Viacom and Paramount said there has been noadmission of liability made regarding the EC's objections to the pay TV deals, The Hollywood Reporter reported July 26.

The two companies added that the agreement eliminatespossible fines and allows the commission to close similar pending cases inFrance,Germany,Italyand Spain.