Paramount has formally offered concessions to EU regulators.

European regulators have extended their review as Paramount attempts to secure approval for its proposed Warner Bros. Discovery acquisition.

Paramount has submitted a package of concessions to the European Commission as regulators continue reviewing the company's proposed $111 billion acquisition of Warner Bros. Discovery.

The European Commission confirmed that Paramount has formally offered remedies as part of its merger review but, consistent with its policy, declined to disclose the details. Regulators also extended their provisional decision deadline from July 7 to July 22 to allow additional time to evaluate the proposed commitments.

Deadline extensions are common during large merger reviews, particularly when regulators must assess whether proposed remedies adequately address competition concerns. During that process, the Commission typically consults with industry participants before reaching a final decision.

Paramount said it is “confident that this remedy directly and comprehensively addresses any concerns expressed in the European Commission's preliminary assessment and supports the path for timely clearance.”

Reports published last week suggested the company believes exiting the United International Pictures (UIP) distribution partnership could help resolve concerns surrounding market concentration, particularly among European exhibitors. Paramount has not confirmed whether that proposal is included in its formal submission.

Regulators continue examining whether the combined company could gain too much influence over theatrical film distribution and negotiations with cinema operators throughout Europe.

The proposed merger also remains under review outside the European Union. In the United Kingdom, Culture Secretary Louise Nandy has indicated she is considering intervention on media plurality grounds, while the Competition and Markets Authority continues its own investigation.

In the United States, the Department of Justice has already approved the transaction. However, attorneys general from California, New York, and several other states are reportedly considering an antitrust lawsuit challenging the merger.

The European Commission is now expected to announce its decision by July 22. A favorable ruling would represent another significant step toward completing one of the largest media transactions in recent years, although additional regulatory approvals remain outstanding.