European Commission EVP Henna Virkkunen on Film Funding Overhaul and Paramount-WBD Merger: It ‘Might Have to Be Reviewed Under Several EU Regulatory Frameworks’ (EXCLUSIVE)

Henna Virkkunen, the European Commission's EVP overseeing tech sovereignty and security, addressed concerns regarding significant changes to the EU's Creative Europe funding program during her visit to the Cannes Film Festival. She also highlighted that the merger between Paramount and Warner Bros. Discovery may require scrutiny under various EU regulatory frameworks, reflecting the complexities of media consolidation in Europe.