>>> McLaren CEO Dismisses Max Verstappen Transfer Speculation
"As the legislation was drafted at a time where viewing was largely via broadcast linear channels, it does not cover the effect of a merger on streaming or video-on-demand services," said Nandy.
The proposed legislative update would explicitly grant the communications regulator Ofcom the authority to assess the market impact of streaming services during this and future media consolidations.
"I believe this ought to be able to be considered in relation to this and all future media mergers given the role on-demand viewing now plays in the market," said Nandy.
Both Paramount and Warner Bros Discovery have been given an official deadline of July 6 to submit their formal responses to the British government regarding the potential regulatory intervention.
"It is important to note that I have not taken a final decision on intervention at this stage," said Nandy.
>>> NEC Nijmegen Trials Free Agent Emre Mor for Champions League Push
The intervention process comes amid shifting international regulatory landscapes, with United States authorities having already cleared the transaction and European Union regulators nearing a decision deadline on July 7.
