# Paramount has asked the FCC to sign off on its equity investment from three Middle East sovereign wealth funds.

*business · news · 2026-04-27 · The Hollywood Reporter*

## Key points

- Paramount is seeking FCC approval for significant Middle East sovereign wealth fund investment in its WBD acquisition.
- Saudi Arabia’s PIF will own 15.1% of Paramount non-voting equity, making it the largest foreign investor.
- The three Middle Eastern funds will collectively control 38.5% of Paramount’s equity shares, all non-voting.
- Paramount's FCC filing enables up to 100% foreign equity/voting share ownership, though this is procedural.

**Companies:** Paramount, Warner Bros. Discovery
**Countries:** Saudi Arabia, United Arab Emirates, Qatar, United States

[Read the full story on The Hollywood Reporter](https://www.hollywoodreporter.com/business/business-news/paramount-asks-fcc-approve-middle-east-funds-warners-deal-1236578242/)

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