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Hollywood Heavyweights Sign Letter Opposing Paramount’s Deal for Warner Bros.
The letter warns that the deal will result in fewer jobs for creatives, along with higher costs and less choice for audiences.
More than 1,000 writers, actors and directors released a letter on Monday opposing Paramount’s acquisition of Warner Bros. Discovery, saying the deal would harm Hollywood’s already distressed entertainment industry.
The letter, which was signed by well-known performers and directors including Bryan Cranston, Joaquin Phoenix, Tiffany Haddish, Lily Gladstone and Yorgos Lanthimos, warns that merging two of Hollywood’s major studios will result in “fewer opportunities for creators, fewer jobs across the production ecosystem, higher costs and less choice for audiences in the United States and around the world.”
Jane Fonda, Mark Ruffalo, more oppose Paramount merger in open letter
Over 1,000 filmmakers, actors and industry professionals signed an open letter opposing Warner Bros. Discovery's proposed $110 billion merger with Paramount Skydance, warning it would reduce competition and deepen consolidation in the U.S. media sector.
Actors including Jane Fonda, Joaquin Phoenix and Mark Ruffalo were among the signatories to the letter, which said the merger would result in fewer opportunities for creators, pressure on jobs across the production ecosystem, higher costs and less choice for audiences.
Paramount Skydance and Warner Bros. Discovery did not immediately respond to Reuters' requests for comment.
The letter, released on Monday, April 13, stated that prior waves of consolidation have already put the industry under pressure, reducing the number of films produced and released and narrowing the range of stories that receive financing and distribution.
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Mark Ruffalo and Emma Thompson among 1,000+ signatories on open letter opposing Paramount’s Warner buyout
Merger will ‘prioritise the interests of a small group of powerful stakeholders over the broader public good’, letter states
Joaquin Phoenix, Ben Stiller, Mark Ruffalo, Yorgos Lanthimos and Kristen Stewart are among more than 1,000 film and TV industry professionals who have signed an open letter protesting against Paramount’s pending acquisition of Warner Bros Discovery, the parent group that owns HBO, HBO Max, CNN, TBS and Food Network, as well as the Warner Bros TV and film studios.
“We are deeply concerned by indications of support for this merger that prioritise the interests of a small group of powerful stakeholders over the broader public good,†states the letter, which was published on Monday on BlocktheMerger.com.
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