FCC lets Paramount sell 49.5% equity stake to Saudi Arabia, UAE, and Qatar

Photo: Paramount Pictures Studios water tower in Hollywood, California. Photo credit: James A. Molnar via Unsplash. Article by Jon Brodkin. Ars Technica – September 18, 2026.

The Federal Communications Commission yesterday approved Paramount Skydance’s plan to sell large equity stakes to the sovereign wealth funds of Saudi Arabia, the United Arab Emirates, and Qatar. Under US law, companies with licenses to run broadcast stations need FCC approval to have direct or indirect foreign ownership exceeding 25 percent of the company’s stock. Paramount says its indirect foreign ownership will reach 49.5 percent after it receives investments from the sovereign wealth funds and filed a petition asking the FCC to waive the foreign ownership limit. […]

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Related articles:

‘Outrageous’: Sanders Slams FCC for Approving Saudi and UAE Ownership of Paramount-Warner Bros. – Common Dreams

FCC allows Gulf state wealth funds to own nearly half of Paramount-Warner Bros. – Engadget

Paramount’s Anticompetitive Merger With Warner Bros. Is Fueled by Investments From Regimes With Deep Trump Ties – Center for American Progress

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