NBCUniversal, Sony Pictures, Warner Bros, Sky offer EU concessions

FAN Editor
The logo of Warner Bros entertainment company is seen during the MIPTV, the International Television Programs Market, in Cannes
The logo of Warner Bros entertainment company is seen during the MIPTV, the International Television Programs Market, in Cannes, France, April 9, 2018. REUTERS/Eric Gaillard

December 20, 2018

BRUSSELS (Reuters) – NBCUniversal, Sony Pictures <6758.T>, Warner Bros and Sky have offered to end anti-competitive movie licensing deals in a bid to end an antitrust investigation, regulators said on Thursday.

The offer from the Hollywood studios was similar to the one proposed by Paramount two years ago which was later accepted by the European Commission after feedback from rivals and customers.

Disney last month also proposed to end such restrictions. The EU competition enforcer is now seeking feedback from third parties.

(Reporting by Foo Yun Chee)

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