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Paramount’s Warner Bros. Takeover Expected To Breach Its SkyShowtime Venture With Comcast

Deadline·Jake Kanter·18 days ago
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EXCLUSIVE : Paramount ’s $110 billion acquisition of Warner Bros. Discovery (WBD) is expected to create complications for its SkyShowtime partnership with Comcast, Deadline can reveal. Industry sources said Paramount’s proposed ownership of HBO Max will likely put the David Ellison-run company in breach of its joint venture agreement for SkyShowtime, a streaming service available in 22 European markets, boasting more than 9 million subscribers, per insiders. SkyShowtime and Paramount declined to comment. Comcast did not respond to a request for comment. Deadline understands that the 50-50 pact between Paramount and Comcast means they do not compete with SkyShowtime in the territories where the streamer is available.  Watch on Deadline Paramount+ is accessible in seven European markets, but there is no overlap with SkyShowtime. Indeed, Paramount+ withdrew from Sweden, Norway, Denmark, and Finland in 2022 to make way for SkyShowtime.…

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