1,000+ Hollywood Stars Sign Letter Opposing $111B Warner Merger
The signatories warn the $111 billion merger would cut production jobs and reduce major U.S. film studios to four.
- More than 1,000 film and TV creatives, including Joaquin Phoenix, Ben Stiller, and Kristen Stewart, signed an open letter on Monday opposing the pending Paramount-Warner Bros acquisition.
- Media consolidation has accelerated the disappearance of mid-budget films and eroded independent distribution, creating severe strain for the creative community and threatening the industry's sustainability.
- Signatories warned the merger would reduce major American film studios to four, further narrowing the kinds of stories financed and distributed across the industry.
- California Attorney General Rob Bonta and colleagues in other states are reportedly scrutinizing the merger, considering legal action to block the transaction over Competition concerns.
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More than a thousand Hollywood figures pronounced themselves against the purchase of Warner Bros. by Paramount through a letter released by The New York Times
They have signed a letter expressing their strong opposition to Paramount Skydance's potential acquisition of Warner Bros. Discovery. Among the signatories are names like Denis Villeneuve, David Fincher, Jane Fonda, Emma Thompson, and Javier Bardem, who warn of the risks of increased media concentration in Hollywood.
In an online letter, actors, directors and screenwriters are concerned about a threat to the "integrity, independence and diversity" of the film industry.
Hollywood stars oppose Paramount Warner Bros. deal | Honolulu Star-Advertiser
More than 1,000 writers, actors and directors released a letter Monday opposing Paramount’s acquisition of Warner Bros. Discovery, saying the deal would harm Hollywood’s already distressed entertainment industry.
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