The UK's Competition and Markets Authority (CMA) is preparing to launch a Phase 1 investigation into Paramount Skydance's proposed $110 billion acquisition of Warner Bros Discovery. A spokesperson for the CMA emphasized the importance of assessing the deal's potential impact on competition within the film and television industries, which contribute significantly to the UK economy. The CMA has invited comments from interested parties until April 27 as part of its information-gathering process. This investigation follows an open letter signed by over 1,000 writers, actors, and directors, including prominent figures like Jane Fonda, Mark Ruffalo, and Ben Stiller, who voiced concerns that the deal could further harm an already struggling entertainment sector. The acquisition was initially announced in February after a competitive bidding process that saw Paramount outbid Netflix.