House China Committee Chairman Wants CFIUS Probe of Skydance/Paramount
House China Committee Chairman John Moolenaar, R-Mich., urged that the Committee on Foreign Investment in the U.S. review Skydance Media's proposed $8 billion purchase of Paramount Global because of Tencent’s investment in Skydance. The Center for American Rights argued earlier…
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this week that Tencent’s status as part of DOD’s list of Chinese military companies operating in the U.S. warrants an FCC probe of Skydance/Paramount (see 2501140048). “We’ve heard from multiple Hollywood executives about rampant self-censorship designed to curry favor with the Chinese Communist Party,” Moolenaar said in a statement Wednesday night. DOD’s recent classification of “Tencent as a Chinese military company” means “CFIUS should closely scrutinize the proposed merger to ensure the Chinese Communist Party is not further solidifying its hold on the American entertainment industry.” Senate Intelligence Committee Vice Chairman Mark Warner, D-Va., in a separate statement, said the “potential for a [People's Republic of China] national champion like Tencent to hold a significant financial stake in a major US content conglomerate raises serious concerns and should absolutely prompt CFIUS scrutiny.”