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Ex-ante assessment of the anticompetitive effects of a merger in the audiovisual market

Lear has been appointed by a leading Italian Broadcaster in providing support with the assessment of the Discovery, Inc. (“Discovery”) and WarnerMedia, LLC. (“WarnerMedia”) merger. Lear has provided a comment to the merger, explaining how the competitive landscape in the sector has changed in the recent years, to the point that the segmentation of the market proposed by the European Commission can no longer be considered relevant, and highlighting the competitive concerns arising from the merger for the provision of Warner’s content to Italian broadcasters.