The European Union has approved Paramount's $81 billion takeover of Warner Bros. Discovery, clearing a major hurdle for the merger. But the greenlight comes with certain conditions. The EU's antitrust enforcer, the European Commission, says enough competition remains in film production and streaming. However, it warns of high concentration in movie distribution to theaters. To address this, Paramount must end its European partnership with Universal within 13 months. Paramount welcomes the approval, calling it a milestone. The merger faces challenges in the U.S., where a federal judge has paused the deal due to a lawsuit from California and other states.